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Apr-May fiscal deficit at $29.2 bn

Apr-May fiscal deficit at $29.2 bn
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First Published: Thu, Jun 30 2011. 11 20 PM IST
Updated: Thu, Jun 30 2011. 11 20 PM IST
New Delhi: India’s fiscal deficit for April-May was Rs1.31 trillion ($29.2 billion), or 31.7% of the full-year target, the government said.
Net tax receipts were Rs23,103 crore and total expenditure was Rs1.66 trillion for the first two months of fiscal 20-12.
In February, the government forecast a fiscal deficit of Rs4.13 trillion, or 4.6% of gross domestic product, for the current fiscal year.
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First Published: Thu, Jun 30 2011. 11 20 PM IST