April-December fiscal deficit narrows to 7.01 trillion: Govt

  • In April-November, the country's fiscal deficit was 7.17 trillion, or about 115% of the budgeted target
  • Net tax receipts in the first nine months of the fiscal year that ends in March were 9.36 trillion

NEW DELHI: India's April-December fiscal deficit narrowed to 7.01 trillion($97.80 billion), or 112.4 percent of the budgeted target for the current fiscal year, government data showed on Monday.

In April-November, the country's fiscal deficit was 7.17 trillion, or about 115% of the budgeted target.

Net tax receipts in the first nine months of the fiscal year that ends in March were 9.36 trillion rupees, the data showed.

The government has revised upward its fiscal deficit target to 3.4% of GDP in the current fiscal year from the previously estimated 3.3%.

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