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. source: Controller General Of Accounts, India

Government Budget Value in India averaged -2555.36 INR Billion from 1997 until 2021, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -12340 INR Billion in January 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 March of 2021.

Government Budget Value in India is expected to be -11220.00 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 -6208.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -6208.00 INR Billion in 2022 and -9200.00 INR Billion in 2023, according to our econometric models.

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India Central Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-12340.04 -11584.69 -94.06 -12340.04 1997 - 2021 INR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 10:30 AM Oct INR -9532B INR -9140B INR-7770B
2020-12-31 10:30 AM Nov INR -10750B INR -9532B INR-9950B
2021-01-29 11:00 AM Dec INR -11580B INR -10750B INR-11220B
2021-02-26 10:30 AM Jan INR -12340B INR -11580B INR -12000B
2021-03-31 11:30 AM Feb INR-12340B INR-14600B
2021-05-31 11:30 AM Mar
2021-05-31 11:30 AM Apr
2021-06-30 11:30 AM May


News Stream
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 Budget Gap Hits New All-Time High
India's fiscal deficit widened to a fresh all-time high of INR 11.58 trillion in April-December 2020-21 from INR 9.32 trillion in the corresponding period of the previous fiscal year. That was equivalent to 145.5 percent of the government’s budget estimate for this financial year, higher than 132.4 percent a year earlier. Receipts dropped 4.8 percent to INR 11.2 trillion, while total expenditure jumped 8.1 percent to INR 22.8 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.
2021-01-29
India Fiscal Deficit Widens To Record High
India's fiscal deficit widened to an all-time high of INR 10.75 trillion in April-November 2020-21 from INR 8.08 trillion in the corresponding period of the previous fiscal year. That was equivalent to 135.1 percent of the government’s budget estimate for this financial year, much higher than 114.8 percent a year earlier. Receipts tumbled 17.9 percent to INR 8.31 trillion, while total expenditure rose 4.7 percent to INR 19.06 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.
2020-12-31
India Fiscal Deficit Widens as Receipts Plunge
India's fiscal deficit widened to INR 9.53 trillion in April-October 2020-21 from INR 7.20 trillion in the corresponding period of the previous fiscal year. That was equivalent to 126.7 percent of the government’s budget estimate for this financial year. Receipts tumbled 24.2 percent to INR 7.08 trillion, while total expenditure went up 0.4 percent to INR 16.61 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.
2020-11-27

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.