April-August fiscal deficit at $63.96 billion
Oct 01 2012, 16:37 | By Reuters
India's fiscal deficit during the April-August period rose to 3.38 trillion rupees or 65.7 percent of the full fiscal year 2012/13, government data showed on Friday.
During the same period in the last fiscal year, the deficit was 66.3 percent of the budget target. Net tax receipts during April-August period stood at 1.75 trillion rupees and total expenditure was about 5.7 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 current fiscal year.
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