India's fiscal deficit widened to INR 1.57 trillion in April 2019 from INR 1.52 trillion in the same period of the previous fiscal year. April 2019 is the first month of the new 2019-2020 fiscal year. Total revenues rose 36.6 percent year-on-year to INR 0.976 trillion and expenditures rose 14 percent to INR 2.547 trillion. The budget gap is equivalent to 22.3 percent of the government’s target for the whole financial year, compared with 24.3 percent a year earlier. Government Budget Value in India averaged -2138.84 INR Billion from 1997 until 2019, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -8514.99 INR Billion in February of 2019.
Government Budget Value in India is expected to be -4569.00 INR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in India to stand at -5800.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -6208.00 INR Billion in 2020, according to our econometric models.