India's fiscal deficit widened to INR 7.58 trillion in April-October 2022-23 from INR 5.47 trillion in the comparable year-earlier period. That was equivalent to 45.6 percent of the government’s estimate for this financial year, compared with 36.3 percent of budget aim in the same period last year. Total expenditure advanced 17.3 percent to INR 21.44 trillion, while receipts were up 8.3 percent to INR 13.86 trillion. For fiscal 2022-23, the government projected a fiscal deficit of INR16.61 trillion, or 6.4 percent of the GDP. source: Controller General Of Accounts, India

Government Budget Value in India averaged -282854.77 INR Tens of Millions from 1997 until 2022, reaching an all time high of -9406.00 INR Tens of Millions in April of 1997 and a record low of -1821461.00 INR Tens of Millions in March 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 December of 2022.

Government Budget Value in India is expected to be -595000.00 INR Tens of Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget Value is projected to trend around -520000.00 INR Tens of Millions in 2023 and -320000.00 INR Tens of Millions in 2024, according to our econometric models.

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India Central Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-10-31 10:30 AM Sep INR-6198.5B INR-5416B INR -449.8B
2022-11-30 10:30 AM Oct INR-7581.4B INR-6198.5B INR-6800B
2022-12-30 10:30 AM Nov INR-7581.4B INR-8800B


Related Last Previous Unit Reference
Government Budget Value -758140.00 -619849.00 INR Tens of Millions Oct 2022
Government Revenues 1385574.00 1203748.00 INR Tens of Millions Oct 2022
Fiscal Expenditure 2143711.00 1823597.00 INR Tens of Millions Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-758140.00 -619849.00 -9406.00 -1821461.00 1997 - 2022 INR Tens of Millions Monthly
Current Prices, NSA

News Stream
India Fiscal Deficit Widens Sharply
India's fiscal deficit widened to INR 7.58 trillion in April-October 2022-23 from INR 5.47 trillion in the comparable year-earlier period. That was equivalent to 45.6 percent of the government’s estimate for this financial year, compared with 36.3 percent of budget aim in the same period last year. Total expenditure advanced 17.3 percent to INR 21.44 trillion, while receipts were up 8.3 percent to INR 13.86 trillion. For fiscal 2022-23, the government projected a fiscal deficit of INR16.61 trillion, or 6.4 percent of the GDP.
2022-11-30
India Budget Gap Rises Further
India's fiscal deficit widened to INR 6.20 trillion in April-September 2022-23 from INR 5.27 trillion in the comparable year-earlier period. That was equivalent to 37.3 percent of the government’s estimate for this financial year, compared with 35 percent of budget aim in the same period last year. Total receipts advanced 9.5 percent to INR 12.04 trillion, 52.7% of this fiscal year's budget target. Revenues receipts went up 8.2% to INR 11.70 trillion, as net tax collections surged 9.9% to INR 10.12 trillion. In May, the government cut taxes on petrol and diesel amidst surging global energy prices. Meanwhile, expenditure increased 12.2% to INR 18.24 trillion, of which INR 1.99 trillion, or 63% of the annual aim, on major subsidies, including fertiliser, food and fuel. In February, Finance Minister Nirmala Sitharaman set the fiscal deficit target at 6.4% of gross domestic product for 2022/23 starting April, compared to 6.7% in the previous fiscal year.
2022-10-31
India Public Deficit Widens in April-August
India's fiscal deficit widened to INR 5.42 trillion in April-August 2022-23 from INR 4.68 trillion in the comparable year-earlier period. That was equivalent to 32.6 percent of the government’s estimate for this financial year, compared with 31.1 percent of budget aim in the same period last year. Total receipts were up 4.9 percent to INR 8.48 trillion, while expenditure advanced 8.9 percent to INR 13.9 trillion.
2022-09-30