India's fiscal deficit widened to a fresh all-time high of INR 11.58 trillion in April-December 2020-21 from INR 9.32 trillion in the corresponding period of the previous fiscal year. That was equivalent to 145.5 percent of the government’s budget estimate for this financial year, higher than 132.4 percent a year earlier. Receipts dropped 4.8 percent to INR 11.2 trillion, while total expenditure jumped 8.1 percent to INR 22.8 trillion. The deficit is expected to exceed 8 percent of GDP in the 2020/21 fiscal year that ends in March 2021, compared to initial government estimates of 3.5 percent, mainly due to the coronavirus crisis. source: Controller General Of Accounts, India
Government Budget Value in India averaged -2521.01 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 -11580 INR Billion in December 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 February of 2021.
Government Budget Value in India is expected to be -11220.00 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 -6208.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -6208.00 INR Billion in 2022 and -9200.00 INR Billion in 2023, according to our econometric models.