India’s April-October fiscal deficit crosses full-year target
PremiumApril-October fiscal deficit of ₹6,49 trillion was 103.9% of the budgeted target for current fiscal year
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New Delhi: India’s April-October fiscal deficit stood at ₹ 6.49 trillion ($93.23 billion), or 103.9% of the budgeted target for current fiscal year, government data showed on Friday.
Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were ₹ 6.61 trillion, government data showed.
The government has said it was confident of meeting its fiscal deficit target of 3.3% of GDP in the 2018-19 fiscal year.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
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