India Fiscal Deficit Analysis 2022-23
The fiscal deficit measures the gap between total government expenditure and total receipts excluding borrowings. It indicates how much the government needs to borrow to finance its spending, directly impacting national debt, interest payments, and long-term fiscal sustainability.
Fiscal Deficit — 2022-23
17.39 lakh crore
Rs 17.39 lakh crore
Previous Year (2021-22)
15.87 lakh crore
Year-over-Year Change
+9.6%
Fiscal Deficit — 5-Year Trend
| Year | fiscal Deficit | fiscal Deficit Percent Gdp |
|---|---|---|
| 2018-19 | Rs 6.49 lakh crore | 3.4% |
| 2019-20 | Rs 9.36 lakh crore | 4.6% |
| 2020-21 | Rs 18.21 lakh crore | 9.2% |
| 2021-22 | Rs 15.87 lakh crore | 6.7% |
| 2022-23 | Rs 17.39 lakh crore | 6.4% |
Source: Union Budget Documents, Ministry of Finance. Figures may include BE/RE/Actuals depending on availability.
Budget Snapshot — 2022-23
Total Expenditure
37.59 lakh crore
Total Receipts
39.67 lakh crore
Capital Expenditure
8.18 lakh crore
Tax Revenue
19.22 lakh crore
Fiscal Deficit
6.4% of GDP
Interest Payments
9.26 lakh crore