April-October fiscal deficit at $67.5 bn: Government
India's fiscal deficit during the April-October period rose to Rs 3,68,000 crore, or 71.6 percent of the budgeted full fiscal year 2012-13 target, government data showed on Friday.
November 30, 2012 / 23:00 IST
India's fiscal deficit during the April-October period rose to Rs 3,68,000 crore, or 71.6 percent of the budgeted full fiscal year 2012-13 target, government data showed on Friday.
During the same period in the previous fiscal year, the deficit was 74.4 percent of the budget target.Also Read: Expect GDP to hover between 5.5%-6% in FY13: RangarajanGDP likely to grow 6.5% in next fiscal: RBSNet tax receipts during the April-October period stood at Rs 3,34,000 crore and the total expenditure was about Rs 7,79,000 crore.New Delhi is aiming to keep the deficit at 5.3 percent of GDP this fiscal year, a revision to the target of 5.1 percent in the March 2012 budget. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
