New Delhi: India’s fiscal deficit during the April-December period was Rs.4.07 trillion, or 78.8% of the budgeted full fiscal 2012-13 target, government data showed on Thursday.
During the same period in the previous fiscal, the deficit was 92.3% of the budgetary target.
Net tax receipts for April-December stood at Rs.4.84 trillion while total expenditure was Rs.9.91 trillion.
In March 2012, the government had budgeted a fiscal deficit of Rs.5.14 trillion, or 5.1% of the gross domestic product (GDP), for the current fiscal that ends in March.
However, in October, strained finances forced New Delhi to revise the deficit target to 5.3%.