India's fiscal deficit narrowed to INR 5.54 trillion in April-August 2019-20 from INR 5.91 trillion in the same period of the previous fiscal year. That was equivalent to 78.7 percent of the government’s budget estimate for this financial year, compared to 94.7 percent in the same period last year. Total spending rose 9.8 percent to INR 11.75 trillion and revenues increased 29.6 percent to INR 6.21 trillion. Government Budget Value in India averaged -2177.66 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 -6100.00 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 -4400.00 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.