India’s fiscal deficit narrowed to INR 8.56 trillion in April–December 2025–26, down from INR 9.14 trillion a year earlier, reaching 54.5% of the government’s full-year target compared with 56.7% in the same period last year. Total receipts rose 8.9% year-on-year to INR 25.25 trillion, or 72.2% of the annual target, with net tax revenues at INR 19.39 trillion versus INR 18.4 trillion a year ago. Total expenditure increased 4.6% to INR 33.81 trillion, or 66.7% of the full-year target. Capital spending, largely focused on infrastructure, jumped to INR 7.88 trillion, reaching 70.3% of its annual objective compared with INR 6.9 trillion previously. The government aims to narrow the fiscal deficit to 4.4% of GDP, or INR 15.7 trillion, in FY2025–26, down from 4.8% in FY2024–25. source: Controller General Of Accounts, India

India recorded a government budget deficit of 855842 INR Tens of Million in December of 2025. Government Budget Value in India averaged -335788.18 INR Tens of Million from 1997 until 2025, reaching an all time high of -9406.00 INR Tens of Million in April of 1997 and a record low of -1821461.00 INR Tens of Million 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 February of 2026.

India recorded a government budget deficit of 855842 INR Tens of Million in December of 2025. Government Budget Value in India is expected to be -2180000.00 INR Tens of Million 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 -1220000.00 INR Tens of Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-31 10:30 AM
Government Budget Value
Nov INR-9766.7B INR -8251B INR -9200.0B
2026-01-30 10:30 AM
Government Budget Value
Dec INR -8558.4B INR-9766.7B INR-9990.0B
2026-02-28 10:30 AM
Government Budget Value
Jan INR -8558.4B


Related Last Previous Unit Reference
Credit Rating 56.00 Jan 2026
Fiscal Expenditure 3380998.00 2925910.00 INR Tens of Million Dec 2025
Government Budget -4.80 -5.87 percent of GDP Dec 2024
Government Budget Value -855842.00 -976671.00 INR Tens of Million Dec 2025
Government Debt to GDP 81.92 81.76 percent of GDP Dec 2024
Government Revenues 2525156.00 1949239.00 INR Tens of Million Dec 2025
Government Spending 3927.30 4495.11 INR Billion Sep 2025
Government Spending to GDP 14.77 15.20 percent of GDP Dec 2024
Holidays
Military Expenditure 86126.00 82293.30 USD Million Dec 2024


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.
Actual Previous Highest Lowest Dates Unit Frequency
-855842.00 -976671.00 -9406.00 -1821461.00 1997 - 2025 INR Tens of Million Monthly
Current Prices, NSA

News Stream
India’s Fiscal Deficit Narrows in April–December
India’s fiscal deficit narrowed to INR 8.56 trillion in April–December 2025–26, down from INR 9.14 trillion a year earlier, reaching 54.5% of the government’s full-year target compared with 56.7% in the same period last year. Total receipts rose 8.9% year-on-year to INR 25.25 trillion, or 72.2% of the annual target, with net tax revenues at INR 19.39 trillion versus INR 18.4 trillion a year ago. Total expenditure increased 4.6% to INR 33.81 trillion, or 66.7% of the full-year target. Capital spending, largely focused on infrastructure, jumped to INR 7.88 trillion, reaching 70.3% of its annual objective compared with INR 6.9 trillion previously. The government aims to narrow the fiscal deficit to 4.4% of GDP, or INR 15.7 trillion, in FY2025–26, down from 4.8% in FY2024–25.
2026-01-30
India’s Fiscal Deficit Widens in April–November
India’s fiscal deficit widened to INR 9.77 trillion in April–November 2025–26, up from INR 8.47 trillion a year earlier, reaching 62.3% of the government’s full-year target compared with 52.5% in the same period last year. Total receipts rose 2.9% year-on-year to INR 19.49 trillion, or 55.7% of the annual target, with net tax revenues at INR 13.94 trillion versus INR 14.4 trillion a year ago. Total expenditure increased 6.7% to INR 29.26 trillion, or 57.8% of the full-year target. Capital spending, largely focused on infrastructure, jumped to INR 6.6 trillion, reaching 58.7% of its annual objective compared with INR 5.1 trillion previously. The government aims to narrow the fiscal deficit to 4.4% of GDP, or INR 15.7 trillion, in FY2025–26, down from 4.8% in FY2024–25.
2025-12-31
India Budget Gap Widens
The Indian central government recorded a budget deficit of INR 5.73 trillion in the first half of the 2026 fiscal year, widening from INR 4.75 trillion in the corresponding period of the previous year, despite bringing the deficit down from the INR 5.98 trillion from the first five months. The funding gap corresponded to 37% of annual estimates in the latest budget, improving from the 40% in the previous month, as businesses adapted to the first period of aggressive tariffs by the United States. Total government expenditure was 9.1% higher from the previous year at INR 23 trillion, while total receipts rose by 5.7% to INR 17.3 trillion.
2025-10-31