India's fiscal deficit widened to INR 7.17 trillion in April-November 2018 from INR 6.12 trillion in the same period of the previous fiscal year. Total expenditure increased 9.1 percent to INR 16.13 trillion and revenues rose at a much softer 3.4 percent to INR 8.97 trillion. The budget gap is equivalent to 114.8 percent of the government’s target for the whole financial year, compared with 112 percent a year ago. The government is widely expected to miss its fiscal deficit target of 3.3 percent of GDP this fiscal year. Government Budget Value in India averaged -2059.74 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 -7166.25 INR Billion in December 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 -5069.00 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.

India Central Government Budget Value
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-25 11:00 AM Government Budget Value INR -5913B INR -5403B INR -5072.9B
2018-10-25 10:20 AM Government Budget Value INR -5947B INR -5913B INR -5010B
2018-11-30 11:30 AM Government Budget Value INR -6490B INR -5947B INR -4784.3B
2018-12-27 10:30 AM Government Budget Value INR -7166B INR -6490B INR -4653.1B
2019-01-31 10:30 AM Government Budget Value INR -7166B
2019-02-28 09:10 AM Government Budget Value
2019-03-29 10:00 AM Government Budget Value

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 68.70 69.60 84.20 66.00 percent [+]
Government Budget -3.53 -3.52 -2.53 -8.13 percent of GDP [+]
Government Budget Value -7166.25 -6485.83 -94.06 -7166.25 INR Billion [+]
Government Spending 4216.64 3972.15 4216.64 735.82 INR Billion [+]
Government Revenues 8965.83 8080.10 15510.04 0.82 INR Billion [+]
Fiscal Expenditure 16132.08 14565.93 21426.67 136.55 INR Billion [+]
Military Expenditure 59757.10 56637.60 59757.10 2590.70 USD Million [+]
Credit Rating 47.56 [+]
Government Spending To GDP 12.74 13.27 19.42 11.81 percent of GDP [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-7166.25 -6485.83 -94.06 -7166.25 1997 - 2018 INR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -135316.20 Dec/18
Australia 6068.00 Nov/18
Brazil -50631.00 Nov/18
Canada -1113.00 Oct/18
China -286.50 Nov/18
France -95.64 Nov/18
Germany 36.06 Jun/18
India -7166.25 Dec/18
Indonesia -259900.00 Dec/18
Italy -10.40 Nov/18
Japan -60963.00 Sep/18
Mexico -40905.70 Nov/18
Netherlands -8.90 Sep/18
Russia 3394.30 Nov/18
Saudi Arabia -238494.00 Dec/17
Singapore 534.00 Nov/18
South Africa -13966.00 Nov/18
South Korea 37409.00 Nov/18
Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey 5198837.00 Nov/18
United Kingdom -3181.00 Nov/18
United States -205000.00 Nov/18