Advertisement

HindustanTimes Wed,22 May 2013
RssFeed

Economy

India's April-November fiscal deficit at $76.2 bn
Reuters
New Delhi, December 31, 2012
First Published: 12:35 IST(31/12/2012)
Last Updated: 12:43 IST(31/12/2012)
Share more.
 comments   
India's fiscal deficit during the April-November period was Rs. 4.13 trillion ($76.2 billion) or 80.4% of the budgeted full fiscal year 2012-13 target, government data showed on Monday.

During the same period in the previous fiscal year, the deficit was 85.6% of the budget
target.

Net tax receipts for April-November stood at Rs. 3.7 trillion while total expenditure was about Rs. 8.7 trillion.

In March, the government had budgeted a fiscal deficit of Rs. 5.14 trillion, or 5.1% of the gross domestic product (GDP)  for the fiscal year that ends in March 2013.

However, in October, strained finances forced the centre to revise the deficit target to 5.3%. ($1 = Rs. 54.21)


Share more.
 comments   

comment Note: By posting your comments here you agree to the terms and conditions of www.hindustantimes.com
blog comments powered by Disqus

Advertisement
Advertisement

 
Advertisement
Copyright © 2013 HT Media Limited. All Rights Reserved