April-August fiscal deficit rises 66% to Rs 3,38,000 crore

India's fiscal deficit during the April-August period rose to Rs 3,38,000 crore or 65.7 percent of the full fiscal year 2012-13, government data showed on Friday.

hidden September 28, 2012 17:46:51 IST
April-August fiscal deficit rises 66% to Rs 3,38,000 crore

India's fiscal deficit during the April-August period rose to Rs 3,38,000 crore or 65.7 percent of the full fiscal year 2012-13, government data showed on Friday.

During the same period in the last fiscal year, the deficit was 66.3 percent of the budget target.

AprilAugust fiscal deficit rises 66 to Rs 338000 crore

Reuters

Net tax receipts during April-August period stood at 1.75 trillion rupees and total expenditure was about Rs 5,70,000 crore.

In March, the government had budgeted a fiscal deficit of Rs 5,14,000 crore rupees or 5.1 percent of the gross domestic product (GDP) for the current fiscal year.

Reuters

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