India's fiscal deficit narrowed to INR 3.21 trillion in April-July 2021-22 from INR 8.21 trillion in the corresponding period of the previous fiscal year. That was equivalent to 21.3 percent of the government’s estimate for this financial year, compared with 103.1 percent of budget aim in the same period last year. Receipts jumped 193.4 percent to INR 6.83 trillion, while total expenditure dropped 4.7 percent to INR 10.04 trillion. source: Controller General Of Accounts, India

Government Budget Value in India averaged -264066.74 INR Tens of Millions from 1997 until 2021, 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 September of 2021.

Government Budget Value in India is expected to be -860000.00 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 -1250000.00 INR Tens of Millions in 2022 and -1220000.00 INR Tens of Millions in 2023, according to our econometric models.

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India Central Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-321143.00 -274245.00 -9406.00 -1821461.00 1997 - 2021 INR Tens of Millions Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 10:40 AM Apr INR -78699B INR -1821461B INR-14150B
2021-06-30 11:00 AM May INR-1230B INR -786.99B INR -90000B
2021-07-30 10:50 AM Jun INR-2740B INR-1230B INR-2250B
2021-08-31 10:30 AM Jul INR-3211B INR-2740B INR-3640B
2021-09-30 11:30 AM Aug INR-3211B INR-3750B
2021-10-29 11:30 AM Sep INR -860B
2021-11-30 11:30 AM Oct
2021-12-31 11:30 AM Nov


News Stream
India Budget Deficit Narrows in April-July
India's fiscal deficit narrowed to INR 3.21 trillion in April-July 2021-22 from INR 8.21 trillion in the corresponding period of the previous fiscal year. That was equivalent to 21.3 percent of the government’s estimate for this financial year, compared with 103.1 percent of budget aim in the same period last year. Receipts jumped 193.4 percent to INR 6.83 trillion, while total expenditure dropped 4.7 percent to INR 10.04 trillion.
2021-08-31
India Public Deficit Narrows in April-June
India's fiscal deficit narrowed to INR 2.74 trillion in April-June 2021-22 from INR 6.62 trillion in the corresponding period of the previous fiscal year. That was equivalent to 18.2 percent of the government’s estimate for this financial year, compared with 83.2 percent of budget aim in the same period last year. Receipts jumped 256.4 percent to INR 5.47 trillion, while total expenditure rose 0.7 percent to INR 8.22 trillion.
2021-07-30
India Public Deficit Narrows as Revenues Surge
India's fiscal deficit narrowed to INR 1.23 trillion in April-May 2021-22 from INR 4.66 trillion in the corresponding period of the previous fiscal year. That was equivalent to 8.2 percent of the government’s estimate for this financial year, compared with 58.6 percent of budget aim in the same period last year. Receipts jumped 679.8 percent to INR 3.55 trillion, while total expenditure dropped 6.6 percent to INR 4.78 trillion.
2021-06-30
India Budget Gap Narrows in April
India's fiscal deficit fell sharply to INR 0.79 trillion in April of 2021, the first month of the new fiscal year, from INR 2.80 trillion a year earlier. That was equivalent to 5.1 percent of the government’s budget estimate for this financial year. The deficit was 35.1% of budget aim in the same period last year. Total spending fell 26.2 percent to INR 2.3 trillion while receipts rose 437 percent to INR 1.48 trillion. Meanwhile, the fiscal deficit in the last financial year stood at INR 18.21 trillion, or 9.3% of gross domestic product, below the government’s revised target of 9.5%. On February 1st, the government revised its fiscal deficit target for 2020/21 to 9.5% of GDP, instead of its original target of 3.5% of GDP as the coronavirus pandemic led to lower tax collection and higher spending.
2021-05-31

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.