India's fiscal deficit increased to INR 4.51 trillion in April-June 2023-24, compared to INR 3.52 trillion in the same month of the previous fiscal year. This widening deficit accounted for 25.3 percent of the government's estimate for the current financial year, contrasting with the 21.2 percent recorded during the corresponding period last year. Total expenditure increased by 10.8 percent to reach INR 10.51 trillion, while receipts rose by only 0.5 percent to INR 5.99 trillion. India aims to end the current fiscal year with a budget deficit of 5.9 percent of GDP. source: Controller General Of Accounts, India

Government Budget Value in India averaged -298351.08 INR Tens of Million from 1997 until 2023, 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 August of 2023.

Government Budget Value in India is expected to be -720000.00 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 -1090000.00 INR Tens of Million in 2024 and -1110000.00 INR Tens of Million in 2025, according to our econometric models.

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India Central Government Budget Value



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-30 10:30 AM May INR -2102.87B INR -1336B INR -2600.0B
2023-07-31 10:30 AM Jun INR -4513.7B INR -2102.87B INR-4340.0B
2023-08-31 10:30 AM Jul INR -4513.7B INR-4720.0B


Related Last Previous Unit Reference
Government Budget Value -451370.00 -210287.00 INR Tens of Million Jun 2023
Government Revenues 599291.00 415691.00 INR Tens of Million Jun 2023
Fiscal Expenditure 1050661.00 625978.00 INR Tens of Million Jun 2023

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
-451370.00 -210287.00 -9406.00 -1821461.00 1997 - 2023 INR Tens of Million Monthly
Current Prices, NSA

News Stream
India Budget Deficit Widens Sharply on Rising Expenditure
India's fiscal deficit increased to INR 4.51 trillion in April-June 2023-24, compared to INR 3.52 trillion in the same month of the previous fiscal year. This widening deficit accounted for 25.3 percent of the government's estimate for the current financial year, contrasting with the 21.2 percent recorded during the corresponding period last year. Total expenditure increased by 10.8 percent to reach INR 10.51 trillion, while receipts rose by only 0.5 percent to INR 5.99 trillion. India aims to end the current fiscal year with a budget deficit of 5.9 percent of GDP.
2023-07-31
India Fiscal Deficit Slightly Up in April-May
India's fiscal deficit increased to INR 2.10 trillion in April-May 2023-24, compared to INR 2.04 trillion in the same month of the previous fiscal year. This widening deficit accounted for 11.8 percent of the government's estimate for the current financial year, contrasting with the 12.3 percent recorded during the corresponding period last year. Total expenditure increased by 6.9 percent to reach INR 6.26 trillion, while receipts rose by 8.9 percent to INR 4.16 trillion. India aims to end the current fiscal year with a budget deficit of 5.9 percent of GDP.
2023-06-30
India Fiscal Deficit Widens in April
India's fiscal deficit increased to INR 1.34 trillion in April 2023-24, compared to INR 0.75 trillion in the same month of the previous fiscal year. This widening deficit accounted for 7.5 percent of the government's estimate for the current financial year, contrasting with the 4.5 percent recorded during the corresponding period last year. Total expenditure increased by 10.6 percent to reach INR 3.04 trillion, while receipts declined by 14.7 percent to INR 1.71 trillion. Looking at the 2022-23 fiscal year, which concluded in March, the government reported a fiscal deficit of INR 17.3 trillion. This amount represented 98.7 percent of the revised annual estimate and was equivalent to 6.4 percent of the country's GDP.
2023-05-31