India's fiscal deficit widened to INR 5.95 trillion in April-September 2018 from INR 4.99 trillion in the same period of the previous fiscal year. Total expenditure went up 13.5 percent to INR 13.04 trillion and revenues rose 9.1 percent to INR 7.09 trillion. The budget gap is equivalent to 95.3 percent of the government’s target for the whole financial year, compared with 91.3 percent a year ago. India's government expects to cut the deficit to 3.3 percent of GDP this fiscal year, after meeting its deficit target of 3.5 percent of GDP in 2017/18. Government Budget Value in India averaged -2022.79 INR Billion from 1997 until 2018, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -7156.99 INR Billion in February of 2018.
Government Budget Value in India is expected to be -6263.00 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 -4888.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -1220.00 INR Billion in 2020, according to our econometric models.
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