India's fiscal deficit widened to INR 9.93 trillion in April-December 2022 from INR 7.59 trillion a year earlier. That was equivalent to 59.8% of the government’s estimate for this financial year, compared with 50.4% of budget aim in the same period last year. Total expenditure jumped 11.8% to INR 28.2 trillion, while receipts were up 3.6% to INR 18.3 trillion. The government's subsidy bill for food, fuel and fertiliser was INR 3.51 trillion, 110% of the 2022/23 budgeted amount of INR 3.18 trillion. For fiscal 2022-23, the government projected a fiscal deficit of 6.4% of the GDP. source: Controller General Of Accounts, India
Government Budget Value in India averaged -316324.80 INR Tens of Millions from 1997 until 2022, reaching an all time high of -9406.00 INR Tens of Millions in April of 1997 and a record low of -9929800.00 INR Tens of Millions in December of 2022. 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 2023.
Government Budget Value in India is expected to be -3099000.00 INR Tens of Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget Value is projected to trend around -690000.00 INR Tens of Millions in 2024 and -560000.00 INR Tens of Millions in 2025, according to our econometric models.