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HindustanTimes Wed,03 Sep 2014

India's April-June fiscal deficit at $43.57 billion

Reuters  New Delhi, July 31, 2013
First Published: 18:02 IST(31/7/2013) | Last Updated: 18:03 IST(31/7/2013)

India's fiscal deficit stood at 2.63 trillion rupees ($43.57 billion) in the first quarter of the current fiscal year to March 2014, government data showed on Wednesday.

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Net tax receipts for the first three months of 2013 touched Rs. 1.02 trillion, while total expenditure was Rs. 3.82 trillion.

India's fiscal deficit during 2012/13 fiscal year ending March came down to 4.9% of the country's gross domestic product, compared with 5.8% a year ago.

In the annual budget presented in February, finance minister P Chidambaram had set the fiscal deficit target at 4.8% of GDP for the current fiscal year.

($1 = 60.3625 Indian rupees)


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