India's fiscal deficit widened to INR 8.52 trillion in April 2018-February 2019 from INR 7.16 trillion in the same period of the previous fiscal year. Total expenditures jumped 9.5 percent to INR 21.89 trillion and revenues rose at a slower 4.2 percent to INR 13.37 trillion. The budget gap is equivalent to 134.2 percent of the government’s target for the whole financial year, compared with 120.3 percent a year ago. The government recently revised up its target for the current financial year to 3.4 percent from 3.3 percent. Government Budget Value in India averaged -2124.60 INR Billion from 1997 until 2019, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -8514.99 INR Billion in February of 2019.

Government Budget Value in India is expected to be -4878.00 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 -5800.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -6208.00 INR Billion in 2020, according to our econometric models.

India Central Government Budget Value
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-27 10:30 AM Government Budget Value INR -7166B INR -6490B INR -4653.1B
2019-02-04 10:45 AM Government Budget Value INR -7015B INR -7166B
2019-02-26 11:10 AM Government Budget Value INR-7708.45B INR -7015B
2019-03-29 12:00 PM Government Budget Value INR-8515B INR-7708.45B
2019-05-31 10:00 AM Government Budget Value
2019-05-31 10:00 AM Government Budget Value INR-8515B INR-6700B
2019-06-28 11:30 AM Government Budget Value

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 68.70 69.60 84.20 66.00 percent [+]
Government Budget -3.42 -3.53 -2.53 -8.13 percent of GDP [+]
Government Budget Value -8514.99 -7708.45 -94.06 -8514.99 INR Billion [+]
Government Spending 3410.32 4085.79 4085.79 735.82 INR Billion [+]
Government Revenues 13373.40 12307.37 15510.04 0.82 INR Billion [+]
Fiscal Expenditure 21888.39 20015.82 21888.39 136.55 INR Billion [+]
Military Expenditure 66578.00 64559.00 66578.00 2759.00 USD Million [+]
Credit Rating 47.56 [+]
Government Spending To GDP 12.74 13.27 19.42 11.81 percent of GDP [+]

India Central Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. In India, government budget value refers to the cumulative amount of the central government fiscal deficit for current fiscal year. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-8514.99 -7708.45 -94.06 -8514.99 1997 - 2019 INR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina 498.50 Apr/19
Australia -1569.00 Mar/19
Brazil -62175.00 Mar/19
Canada 4306.00 Feb/19
China -347.50 Mar/19
France -40.71 Mar/19
Germany 5.87 Sep/18
India -8514.99 Feb/19
Indonesia -259900.00 Dec/18
Italy -26.03 Mar/19
Japan -41094.00 Dec/18
Mexico 3143.60 Mar/19
Netherlands 1.50 Dec/18
Russia 693.29 Apr/19
Saudi Arabia -238494.00 Dec/17
Singapore -9045.20 Mar/19
South Africa -3327.00 Mar/19
South Korea -17321.00 Mar/19
Spain -6754.00 Mar/19
Switzerland 2176.00 Dec/19
Turkey -24573567.00 Mar/19
United Kingdom -2778.00 Apr/19
United States 160305.00 Apr/19