2011-12 fiscal deficit breaches govt target

New Delhi: India's fiscal deficit during April to January was Rs 4.35 trillion, or 105.4 percent of the full-year target, government data showed on Wednesday.

During the same period in the last fiscal year, fiscal deficit was 58.3 percent of the budgeted target.


Net tax receipts were Rs 4.6 trillion and total expenditure was Rs 10.02 trillion during the April-January period.

In February 2011, the government had budgeted a fiscal deficit of 4.6 percent of gross domestic product (GDP) for 2011/12 fiscal year that ends in March, but many private economists see the deficit for the year overshooting by a full percentage point on slowing growth and weak federal finances.

New Delhi has admitted meeting the fiscal gap target would be a "great challenge", but officials said they would try to keep the deficit under 5 percent of GDP by pruning expenditure.


Updated Date: Dec 20, 2014 08:44 AM

Also Watch

It's A Wrap: Omerta star Rajkummar Rao in conversation with Parul Sharma
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Thursday, April 19, 2018 Watch: National-level skater and coach Dhwanit Rele trains and nurtures budding athletes
  • Monday, May 14, 2018 FOMO Episode 1: Google Assistant, This is America, Sonam's wedding & Global Warming
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See