Fiscal deficit reaches nearly 63% of full-year target: Govt

Written By Unknown on Jumat, 30 Agustus 2013 | 18.01

India's fiscal deficit during the April-July period was Rs 341,000 crore, or 62.8 percent of the full-year target, government data showed on Friday.

Net tax receipts for the first four months of the current fiscal year to March 2014 touched Rs 145,000 crore, while total expenditure was Rs 521,000 crore.

The country's fiscal deficit during the 2012/13 fiscal year ending March fell to 4.9 percent of the country's gross domestic product, compared with 5.8 percent a year ago.

In the annual budget presented in February, Finance Minister P. Chidambaram had set the fiscal deficit target at 4.8 percent of GDP for the current fiscal year.



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