Will meet 4.1% FY15 fisc despite low telecom receipts: Govt

The government is on course to meet its fiscal year 2014-15 deficit target of 4.1 percent it outlined in the Union Budget in February, expenditure secretary R Wattal told CNBC-TV18.

This is despite the government likely falling short of meeting its telecom-receipts target of Rs 43,161 crore in the Budget.

Of the telecom receipts, the government had forecast about Rs 12,000 crore from the ongoing spectrum auction, which may not accrue this year.

However, the government has enough fiscal space to absorb the gap, according to the secretary.