India's April-Feb fiscal deficit hits 76% of revised full-year target | Mint
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Business News/ News / India/  India's April-Feb fiscal deficit hits 76% of revised full-year target
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India's April-Feb fiscal deficit hits 76% of revised full-year target

Net tax receipts were ₹12.16 trillion, while total expenditure was ₹28.19 trillion

Photo: MintPremium
Photo: Mint

NEW DELHI : India's federal fiscal deficit in the 11 months to the end of February stood at 14.01 trillion ($191.61 billion), or 76% of the revised budgeted target for the whole fiscal year, government data showed on Wednesday.

Net tax receipts were 12.16 trillion, while total expenditure was 28.19 trillion, the data showed.

On Feb. 1, the government revised its fiscal deficit target for the current year that runs through March to 9.5% of gross domestic product (GDP), instead of its original target of 3.5% of GDP as the coronavirus pandemic led to lower tax collection and higher spending.

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Published: 31 Mar 2021, 06:17 PM IST
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