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Fiscal deficit at $81.9 bn in 2010-11

Fiscal deficit at $81.9 bn in 2010-11
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First Published: Tue, May 31 2011. 05 25 PM IST
Updated: Tue, May 31 2011. 05 25 PM IST
New Delhi: India’s fiscal deficit for the 2010/11 fiscal year that ended on 31 March was Rs 3.69 trillion ($81.9 billion), the government said in a statement on Tuesday.
The deficit is equivalent to 4.7% of India’s gross domestic product, according to a Reuters calculation, and was lower than the government’s revised target of 5.1%.
In February, the government had revised its fiscal deficit estimate for the year to Rs 4.01 trillion.
Tax receipts were Rs 5.73 trillion and total expenditure was Rs 11.99 trillion for 2010/11.
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First Published: Tue, May 31 2011. 05 25 PM IST
More Topics: India | Economy | Fiscal Deficit | GDP | Growth |