India’s April-December fiscal deficit at $76.22 bn

During the same period in the previous fiscal, the deficit was 92.3% of the budgetary target

Reuters

First Published: Thu, Jan 31 2013. 04 07 PM IST

In March 2012, the government had budgeted a fiscal deficit of `5.14 trillion, or 5.1% of the gross domestic product (GDP), for the current fiscal that ends in March. Priyanka Parashar/Mint

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. Priyanka Parashar/Mint

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Updated: Thu, Jan 31 2013. 04 31 PM IST

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%.

First Published: Thu, Jan 31 2013. 04 07 PM IST

More Topics: fiscal deficit | April-December | India | government |