India’s fiscal deficit in April-November at Rs.4.13 trillion

The fiscal deficit amounts to 80.4% of the budgeted full fiscal year 2012-13 target
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First Published: Mon, Dec 31 2012. 12 23 PM IST
Net tax receipts for April-November stood at `3.7 trillion, while total expenditure was about `8.7 trillion. Photo: Mint
Net tax receipts for April-November stood at Rs.3.7 trillion, while total expenditure was about Rs.8.7 trillion. Photo: Mint
Updated: Mon, Dec 31 2012. 01 55 PM IST
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%.
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First Published: Mon, Dec 31 2012. 12 23 PM IST
More Topics: Fiscal deficit | Tax receipts | budget | economy |
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