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HindustanTimes Fri,18 Apr 2014

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)

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.

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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)

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