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.
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.
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.
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