India's April-November fiscal deficit at $76.2 bn: Govt
Reuters: New Delhi, Dec 31 2012, 12:32 IST
India's fiscal deficit during the April-November period was 4.13 trillion rupees ($76.2 billion), or 80.4 percent of the budgeted full
fiscal year 2012/13 target, government data showed on Monday.
During the same period in the previous fiscal year, the deficit was 85.6 per cent of the budget target.
Net tax receipts for April-November stood at 3.7 trillion rupees while total expenditure was about 8.7 trillion rupees.
In March, the government had budgeted a fiscal deficit of 5.14 trillion rupees, or 5.1 percent of the gross domestic product (GDP), for the fiscal year that ends in March 2013.
However, in October, strained finances forced New Delhi to revise the deficit target to 5.3 percent.
Previous Story 2012 saw govt nod for complete ban on child labour below 14 Next Story Gold a shade higher in futures trade on global cues
Reader's Comments| Post a Comment
Be the first to comment.
