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. source: Controller General Of Accounts, India

Government Budget Value in India averaged -263834.83 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 July of 2021.

Government Budget Value in India is expected to be -8040.00 INR Tens of Millions 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 -9300.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -8000.00 INR Tens of Millions in 2022 and -9200.00 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
-123174.00 -78699.00 -9406.00 -1821461.00 1997 - 2021 INR Tens of Millions Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-31 11:30 AM Feb INR-14055B INR-12340B INR-14600B
2021-05-31 10:40 AM Apr INR -78699B INR -1821461B INR-14150B
2021-05-31 10:40 AM Mar INR -1821461B INR-14055B INR -10600B
2021-06-30 11:00 AM May INR-1230B INR -786.99B INR -90000B
2021-07-30 11:30 AM Jun INR-1230B INR-2250B
2021-08-31 11:30 AM Jul
2021-09-30 11:30 AM Aug
2021-10-29 11:30 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Government Budget Deficit at Record High
India's fiscal deficit widened to a fresh all-time high of INR 14.06 trillion in April-February 2020-21 from INR 10.36 trillion in the corresponding period of the previous fiscal year. That was equivalent to 76.0 percent of the government’s revised estimate for this financial year, compared with 135.2 percent of budget aim in the same period last year. Receipts fell 1.1 percent to INR 14.13 trillion, while total expenditure jumped 14.3 percent to INR 28.19 trillion. The deficit is expected to exceed 8 percent of GDP in the 2020/21 fiscal year that ends in March 2021, compared to initial government estimates of 3.5 percent, mainly due to the coronavirus crisis.
2021-03-31
India Government Budget Deficit Widens in April-January
India's fiscal deficit widened to a fresh all-time high of INR 12.34 trillion in April-January 2020-21 from INR 9.85 trillion in the corresponding period of the previous fiscal year. That was equivalent to 66.8 percent of the government’s revised estimate for this financial year, compared with 128.5 percent of budget aim in the same period last year. Receipts were unchanged at INR 12.83 trillion, while total expenditure jumped 11 percent to INR 25.17 trillion. The deficit is expected to exceed 8 percent of GDP in the 2020/21 fiscal year that ends in March 2021, compared to initial government estimates of 3.5 percent, mainly due to the coronavirus crisis.
2021-02-26

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.