The Indian government recorded a budget deficit of INR 4.68 trillion in first four months of the 2026 fiscal year, widening from the INR 2.77 trillion deficit in the corresponding period of the previous year. The result extended the momentum of deterioration in India's fiscal backdrop as growth concerns and threats of aggressive sanctions by the US drove the Indian government to increase economic support in the period. Government expenditure was at INR 15.6 trillion, sharply above the INR 13 trillion from the previous year, while net tax receipts were at INR 6 trillion and non tax receipts were at INR 4 trillion. source: Controller General Of Accounts, India

India recorded a government budget deficit of 468420 INR Tens of Million in July of 2025. Government Budget Value in India averaged -329464.68 INR Tens of Million from 1997 until 2025, reaching an all time high of -9406.00 INR Tens of Million in April of 1997 and a record low of -1821461.00 INR Tens of Million in March of 2021. 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 September of 2025.

India recorded a government budget deficit of 468420 INR Tens of Million in July of 2025. Government Budget Value in India is expected to be -810000.00 INR Tens of Million 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 -1170000.00 INR Tens of Million in 2026 and -1220000.00 INR Tens of Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-31 11:20 AM
Government Budget Value
Jun INR -2807.3B INR -131.6B INR -102B
2025-08-29 11:00 AM
Government Budget Value
Jul INR -4684.2B INR -2807.3B INR -4000.0B
2025-09-30 10:30 AM
Government Budget Value
Aug INR -4684.2B INR -5500.0B


Related Last Previous Unit Reference
Credit Rating 56.00 Sep 2025
Fiscal Expenditure 1563625.00 1222127.00 INR Tens of Million Jul 2025
Government Budget -4.80 -5.87 percent of GDP Dec 2024
Government Budget Value -468420.00 -280730.00 INR Tens of Million Jul 2025
Government Debt to GDP 81.59 82.49 percent of GDP Dec 2023
Government Revenues 1095209.00 941395.00 INR Tens of Million Jul 2025
Government Spending 4495.11 5084.19 INR Billion Jun 2025
Government Spending to GDP 14.77 15.20 percent of GDP Dec 2024
Holidays
Military Expenditure 86126.00 82293.30 USD Million Dec 2024

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
-468420.00 -280730.00 -9406.00 -1821461.00 1997 - 2025 INR Tens of Million Monthly
Current Prices, NSA

News Stream
India Budget Deficit Widens
The Indian government recorded a budget deficit of INR 4.68 trillion in first four months of the 2026 fiscal year, widening from the INR 2.77 trillion deficit in the corresponding period of the previous year. The result extended the momentum of deterioration in India's fiscal backdrop as growth concerns and threats of aggressive sanctions by the US drove the Indian government to increase economic support in the period. Government expenditure was at INR 15.6 trillion, sharply above the INR 13 trillion from the previous year, while net tax receipts were at INR 6 trillion and non tax receipts were at INR 4 trillion.
2025-08-29
India's Fiscal Gap Narrows in April-May
India’s fiscal deficit stood at INR 0.13 trillion in April-May 2025–26, down from INR 0.51 trillion in the same period a year earlier, representing 0.8% of the government’s full-year target compared to 3.1% last year. Total receipts jumped 28.0% year-on-year to INR 7.33 trillion, or 21.0% of the annual goal, with net tax revenues accounting for INR 3.51 trillion. Meanwhile, total expenditure rose 19.7% to INR 7.46 trillion, or 14.7% of the full-year target. Capital spending—largely directed toward infrastructure—reached 19.7% of its yearly objective. The government aims to narrow the fiscal deficit to 4.4% of GDP in FY2025–26, down from 4.8% in the previous fiscal year.
2025-06-30
India’s Fiscal Deficit Narrows in April as Revenues Surge
India’s fiscal deficit stood at INR 1.86 trillion in April 2025–26, down from INR 2.10 trillion in the same period a year earlier, representing 11.9% of the government’s full-year target compared to 13.0% last year. Total receipts jumped 30.9% year-on-year to INR 2.79 trillion, or 8.0% of the annual goal, with net tax revenues accounting for INR 1.90 trillion. Meanwhile, total expenditure rose 10% to INR 4.66 trillion, or 9.2% of the full-year target. Capital spending—largely directed toward infrastructure—reached 14.3% of its yearly objective. The government aims to narrow the fiscal deficit to 4.4% of GDP in FY2025–26, down from 4.8% in the previous fiscal year.
2025-05-30