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Net tax receipts in the first seven months of the fiscal year were Rs 6.61 trillion. Photo: hemant Mishra/Mint
Net tax receipts in the first seven months of the fiscal year were Rs 6.61 trillion. Photo: hemant Mishra/Mint

India’s April-October fiscal deficit crosses full-year target

April-October fiscal deficit of 6,49 trillion was 103.9% of the budgeted target for current fiscal year

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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