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%. source: Controller General Of Accounts, India
Government Budget Value in India averaged -328812.78 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 -15865370 INR Tens of Millions in March 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.