New Delhi: India’s fiscal deficit during the April-November period was Rs.4.13 trillion, or 80.4% of the budgeted full fiscal year 2012-13 target, government data showed on Monday.
During the same period in the previous fiscal year, the deficit was 85.6% of the budget target.
Net tax receipts for April-November stood at Rs.3.7 trillion, while total expenditure was about Rs.8.7 trillion.
In March, the government had budgeted a fiscal deficit of Rs.5.14 trillion, or 5.1% of the gross domestic product (GDP), for the fiscal year that ends in March 2013.
However, in October, strained finances forced New Delhi to revise the deficit target to 5.3%.