India's fiscal deficit widened to INR 7.71 trillion in April 2018-January 2019 from INR 6.77 trillion in the same period of the previous fiscal year. Total expenditures went up 8.8 percent to INR 20 trillion and revenues rose at a slower 5.8 percent to INR 12.31 trillion. The budget gap is equivalent to 121.5 percent of the government’s target for the whole financial year, compared with 113.7 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 -2100.21 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 -7708.45 INR Billion in January 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.