India's fiscal deficit expanded sharply to INR 2.04 trillion in April-May of 2022-23 period from INR 1.23 trillion in the comparable year-earlier period. This was equivalent to 12.3 percent of the government’s estimate for this financial year, compared with 8.2 percent in the same period last year. Total receipts rose only 7.62 percent to INR 3.81 trillion as surging inflation curbed consumer spending while the economy is still recovering from the pandemic, while expenditure jumped 22.55 percent to INR 5.85 trillion as the government surged spending, including providing subsidies, to revive the covid-hit economy. source: Controller General Of Accounts, India
Government Budget Value in India averaged -284964.90 INR Tens of Millions from 1997 until 2022, reaching an all time high of -9406 INR Tens of Millions in April of 1997 and a record low of -2039200 INR Tens of Millions in May of 2022. 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 2022.
Government Budget Value in India is expected to be -224800.00 INR Tens of Millions 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 -520000.00 INR Tens of Millions in 2023 and -320000.00 INR Tens of Millions in 2024, according to our econometric models.