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 June 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.

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India Central Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 10:30 AM Mar INR-15865.37B INR-13166B INR -1730B
2022-06-30 10:30 AM May INR -2039.2B INR-748.46B INR -11000B
2022-07-31 10:30 AM Jun INR -224.8B


Related Last Previous Unit Reference
Government Budget Value -2039200.00 -74846.00 INR Tens of Millions May 2022
Government Revenues 199983.00 2207634.00 INR Tens of Millions Apr 2022
Fiscal Expenditure 274829.00 3794171.00 INR Tens of Millions Apr 2022

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
-2039200.00 -74846.00 -9406.00 -2039200.00 1997 - 2022 INR Tens of Millions Monthly
Current Prices, NSA

News Stream
India Budget Deficit Widens Sharply in April-May
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.
2022-06-30
India Budget Deficit Narrows in April
India's fiscal deficit narrowed slightly to INR 0.75 trillion in April of 2022-23 period from INR 0.79 trillion in the comparable year-earlier period. This was equivalent to 4.5 percent of the government’s estimate for this financial year, compared with 5.2 percent in the same period last year. Total receipts jumped 35.1 percent to INR 1.99 trillion as the economy recovers from the pandemic, while expenditure was up 21.2 percent to INR 2.75 trillion as the government surged spending, including providing subsidies, to revive the covid-hit economy. India’s fiscal deficit for the last financial year ended March 31 was 6.71% of gross domestic product, below government’s revised target of 6.9%.
2022-05-31
India Budget Gap Reaches 82.7% of Estimate
India's fiscal deficit narrowed to INR 13.2 trillion in April-February of 2021-22 from INR 14.1 trillion in the comparable year-earlier period. This was equivalent to 82.7 percent of the government’s estimate for this financial year, compared with 76 percent in the same period last year. Total receipts jumped 29.3 percent to INR 18.27 trillion as the economy recovers from the pandemic hit, while expenditure was up 11.5 percent to INR 31.44 trillion as the government surged spending to cushion the population from the virus shock.
2022-03-31