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.