India's fiscal deficit widened to a fresh all-time high of INR 14.06 trillion in April-February 2020-21 from INR 10.36 trillion in the corresponding period of the previous fiscal year. That was equivalent to 76.0 percent of the government’s revised estimate for this financial year, compared with 135.2 percent of budget aim in the same period last year. Receipts fell 1.1 percent to INR 14.13 trillion, while total expenditure jumped 14.3 percent to INR 28.19 trillion. The deficit is expected to exceed 8 percent of GDP in the 2020/21 fiscal year that ends in March 2021, compared to initial government estimates of 3.5 percent, mainly due to the coronavirus crisis. source: Controller General Of Accounts, India
Government Budget Value in India averaged -2595.43 INR Billion from 1997 until 2021, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -14055.47 INR Billion in February of 2021. This page provides the latest reported value for - India Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Central Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Government Budget Value in India is expected to be -10600.00 INR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in India to stand at -10920.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -8000.00 INR Billion in 2022 and -9200.00 INR Billion in 2023, according to our econometric models.