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.

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India Central Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-12-30 10:30 AM Nov INR-9781.5B INR-7581.4B INR-8800B
2023-01-31 10:30 AM Dec INR-9929.8B INR-9781.5B INR -595B
2023-02-28 10:30 AM Jan INR-9929.8B


Related Last Previous Unit Reference
Government Budget Value -9929800.00 -978150.00 INR Tens of Millions Dec 2022
Government Revenues 1825100.00 1464633.00 INR Tens of Millions Dec 2022
Fiscal Expenditure 2818076.00 2442787.00 INR Tens of Millions Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-9929800.00 -978150.00 -9406.00 -9929800.00 1997 - 2022 INR Tens of Millions Monthly
Current Prices, NSA

News Stream
India Budget Gap Approaches 60% of Target
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.
2023-01-31
India Budget Gap Continues to Rise
India's fiscal deficit widened to INR 9.78 trillion in April-November 2022 from INR 6.96 trillion a year earlier. That was equivalent to 58.9 percent of the government’s estimate for this financial year, compared with 46.2 percent of budget aim in the same period last year. Total expenditure jumped 17.7 percent to INR 24.4 trillion, while receipts were up 6.2 percent to INR 14.64 trillion. The government's subsidy bill for food, fuel and fertiliser was INR 3.01 trillion, close to the 2022/23 budgeted amount of INR 3.18 trillion. For fiscal 2022-23, the government projected a fiscal deficit of 6.4 percent of the GDP.
2022-12-30
India Fiscal Deficit Widens Sharply
India's fiscal deficit widened to INR 7.58 trillion in April-October 2022-23 from INR 5.47 trillion in the comparable year-earlier period. That was equivalent to 45.6 percent of the government’s estimate for this financial year, compared with 36.3 percent of budget aim in the same period last year. Total expenditure advanced 17.3 percent to INR 21.44 trillion, while receipts were up 8.3 percent to INR 13.86 trillion. For fiscal 2022-23, the government projected a fiscal deficit of INR16.61 trillion, or 6.4 percent of the GDP.
2022-11-30