India’s fiscal deficit narrowed to INR 12.5 trillion in April–February 2025–26, down from INR 13.5 trillion a year earlier, reaching 80.4% of the full-year target, an improvement from 85.8% in the same period last year. Total receipts surged 9.6% year-on-year to INR 27.9 trillion (82.0% of the annual goal), with net tax revenues climbing to INR 21.5 trillion (vs. INR 20.2 trillion). Total expenditure rose 3.9% to INR 40.4 trillion (81.5% of the target), while capital spending, primarily on infrastructure, jumped to INR 9.3 trillion (84.8% of the annual plan, up from INR 8.1 trillion). The government aims to cut the fiscal deficit to 4.4% of GDP (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 1252649 INR Tens of Million in February of 2026. Government Budget Value in India averaged -340291.01 INR Tens of Million from 1997 until 2026, 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 April of 2026.

India recorded a government budget deficit of 1252649 INR Tens of Million in February of 2026. Government Budget Value in India is expected to be -40000.00 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
2026-02-27 10:30 AM
Government Budget Value
Jan INR -9814B INR -8558.4B INR-12500.0B
2026-03-30 10:30 AM
Government Budget Value
Feb INR -12526.5B INR -9814B INR-13100.0B
2026-05-29 10:30 AM
Government Budget Value
Mar INR -12526.5B INR -21800B


Related Last Previous Unit Reference
Credit Rating 56.00 Apr 2026
Fiscal Expenditure 4044592.00 3690061.00 INR Tens of Million Feb 2026
Government Budget -4.80 -5.87 percent of GDP Dec 2024
Government Budget Value -1252649.00 -981407.00 INR Tens of Million Feb 2026
Government Debt to GDP 81.92 81.76 percent of GDP Dec 2024
Government Revenues 2791943.00 2708654.00 INR Tens of Million Feb 2026
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
-1252649.00 -981407.00 -9406.00 -1821461.00 1997 - 2026 INR Tens of Million Monthly
Current Prices, NSA

News Stream
India’s Fiscal Deficit Narrows in Apr–Feb
India’s fiscal deficit narrowed to INR 12.5 trillion in April–February 2025–26, down from INR 13.5 trillion a year earlier, reaching 80.4% of the full-year target, an improvement from 85.8% in the same period last year. Total receipts surged 9.6% year-on-year to INR 27.9 trillion (82.0% of the annual goal), with net tax revenues climbing to INR 21.5 trillion (vs. INR 20.2 trillion). Total expenditure rose 3.9% to INR 40.4 trillion (81.5% of the target), while capital spending, primarily on infrastructure, jumped to INR 9.3 trillion (84.8% of the annual plan, up from INR 8.1 trillion). The government aims to cut the fiscal deficit to 4.4% of GDP (INR 15.7 trillion) in FY2025–26, down from 4.8% in FY2024–25.
2026-03-30
India’s Fiscal Deficit Narrows in April–January
India’s fiscal deficit narrowed to INR 9.81 trillion in April–January 2025–26, down from INR 11.70 trillion a year earlier, reaching 63.0% of the government’s full-year target compared with 74.5% in the same period last year. Total receipts rose 12.8% year-on-year to INR 27.09 trillion, or 79.5% of the annual target, with net tax revenues at INR 20.94 trillion versus INR 19.0 trillion a year ago. Total expenditure increased 3.4% to INR 36.90 trillion, or 74.3% of the full-year target. Capital spending, largely focused on infrastructure, jumped to INR 8.42 trillion, reaching 76.9% of its annual objective compared with INR 7.6 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.
2026-02-27
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