India's fiscal deficit widened to INR 9.139 trillion in April-September 2020-21 from INR 6.515 trillion in the corresponding period of the previous fiscal year. That was equivalent to 114.8 percent of the government’s budget estimate for this financial year, much higher than 92.6 percent a year earlier. Receipts plunged 32.5 percent to INR 5.65 trillion amid the coronavirus crisis, while total expenditure edged down 0.6 percent to INR 14.79 trillion. Total receipts and total expenditure were 25.2 percent and 48.6 percent respectively of FY21 estimates. Many economists see the deficit to cross 7.5% of GDP in the 2020/21 fiscal year, well above initial government estimates of 3.5% as the country battles a coronavirus economic contraction. source: Controller General Of Accounts, India
Government Budget Value in India averaged -2434.82 INR Billion from 1997 until 2020, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -10364.85 INR Billion in February of 2020. 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 November of 2020.
Government Budget Value in India is expected to be -6208.00 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 -7500.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -6208.00 INR Billion in 2021 and -9200.00 INR Billion in 2022, according to our econometric models.