India's fiscal deficit widened to INR 3518.7 billion in the April-June 2022 period from INR 274.2 billion a year earlier. This was equivalent to 21.2% of the government’s estimate for this financial year. Net tax receipts rose 8.9% year-on-year to INR 5960 billion as tax collections grew while total expenditure was 15.4% higher at INR 9479 billion. Still, major subsidies including food and fertiliser fell to around INR 680 billion from over a trillion rupees a year earlier. source: Controller General Of Accounts, India
Government Budget Value in India averaged -279128.69 INR Tens of Millions from 1997 until 2022, reaching an all time high of -9406 INR Tens of Millions in April of 1997 and a record low of -1821461 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 August of 2022.
Government Budget Value in India is expected to be -449800.00 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.