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.

India Central Government Budget Value
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-28 10:30 AM Government Budget Value May INR-3662B INR-1570B INR-3600B
2019-07-31 11:05 AM Government Budget Value Jun INR-4320B INR-3662B INR -4469B
2019-08-30 10:05 AM Government Budget Value Jul INR-5476B INR-4320B INR-5660B
2019-09-30 12:00 PM Government Budget Value Aug INR-5538B INR-5476B INR-6220B
2019-10-31 11:30 AM Government Budget Value Sep INR-5538B INR-6100B
2019-11-29 11:30 AM Government Budget Value Oct
2019-12-28 11:30 AM Government Budget Value Nov

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 68.30 68.90 83.23 47.94 percent [+]
Government Budget -3.42 -3.53 -2.53 -8.13 percent of GDP [+]
Government Budget Value -5538.40 -5476.05 -94.06 -8514.99 INR Billion [+]
Government Spending 4218.93 3686.66 4218.93 735.82 INR Billion [+]
Government Revenues 6214.61 3996.73 16660.55 0.82 INR Billion [+]
Fiscal Expenditure 11753.01 9472.78 23114.22 136.55 INR Billion [+]
Military Expenditure 66578.00 64559.00 66578.00 2759.00 USD Million [+]
Credit Rating 47.56 [+]
Government Spending To GDP 13.04 13.22 19.42 11.81 percent of GDP [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5538.40 -5476.05 -94.06 -8514.99 1997 - 2019 INR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -25368.30 Sep/19
Australia -9001.00 Jun/19
Brazil -63644.00 Aug/19
Canada -1470.00 Jul/19
China -257.10 Aug/19
France -123.14 Aug/19
Germany 7.47 Mar/19
India -5538.40 Aug/19
Indonesia -259900.00 Dec/18
Italy 13.26 Aug/19
Japan -117024.00 Jun/19
Mexico 34970.00 Aug/19
Netherlands -18.70 Jun/19
Russia 2986.22 Sep/19
Saudi Arabia -135704.00 Dec/18
Singapore 4068.40 Aug/19
South Africa -42808.00 Aug/19
South Korea -22340.00 Aug/19
Spain -14937.00 Aug/19
Switzerland 2176.00 Dec/19
Turkey 837007.00 Aug/19
United Kingdom -1819.00 Aug/19
United States -200344.00 Aug/19