Fiscal deficit in April-June rises to Rs 1.9 lakh crore

Fiscal deficit during the April-June period rose to Rs 1.9 lakh crore ($34.22 billion), or 37.1 percent of the full fiscal year 2012/13, government data showed on Tuesday.

hidden July 31, 2012 18:36:45 IST
Fiscal deficit in April-June rises to Rs 1.9 lakh crore

New Delhi: Fiscal deficit during the April-June period rose to Rs 1.9 lakh crore ($34.22 billion), or 37.1 percent of the full fiscal year 2012/13, government data showed on Tuesday.

Fiscal deficit in AprilJune rises to Rs 19 lakh crore

Reuters

During the same period in the last fiscal year, the deficit was 39.4 percent of the budget target.

Net tax receipts during April-June stood at Rs 1.05 lakh crore and the total expenditure was Rs 3.1 lakh crore.

In March, the government had budgeted a fiscal deficit of Rs 5.14 lakh crore or 5.1 percent of the gross domestic product ( GDP) for the current fiscal year.

Reuters

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