India Government Budget Value

Last Release

Jan 31, 2025

Actual

-1,169,542

Units In

INR Tens of Millions

-914,089

Frequency

Monthly

Next Release

Mar 31, 2025

Time to Release

29 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
-9,406 Apr 1997	-17,331,000 Mar 2023	-468,896.65 INR Tens of Millions	1997-2025	N/A

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.

Latest Updates

India's fiscal deficit widened to INR 11.7 trillion in April-January 2024-25, up from INR 11.0 trillion in the same period last year, reaching 74.5% of the government's full-year target, compared to 63.6% a year earlier. Total expenditure rose 6.4% to INR 35.7 trillion, or 75.7% of the annual target, with capital spending, primarily on infrastructure, at 74.4% of its goal. Meanwhile, receipts grew 6.6% to INR 24.0 trillion, or 76.3% of the target, while net tax revenues edged up 1.3% year-on-year to INR 19.04 trillion. In its recent budget, India lowered its fiscal deficit target to 4.8% of GDP for the current financial year, aiming to reduce it further to 4.4% in 2025-26. The government also announced plans to shift its key fiscal benchmark to the debt-to-GDP ratio from 2026-27, targeting a reduction from 57% to 50% by March 2031.