India's fiscal deficit rises 65% to Rs 3.4 lakh crore

During the same period in the previous fiscal year, the deficit was 68 percent of the budget target.

hidden October 31, 2012 17:41:23 IST
India's fiscal deficit rises 65% to Rs 3.4 lakh crore

India's fiscal deficit during the April-September period rose to Rs3.37 lakh crore ($62.6 billion), or 65.6 percent of the full fiscal year 2012/13 target, government data showed on Wednesday.

During the same period in the previous fiscal year, the deficit was 68 percent of the budget target.

Indias fiscal deficit rises 65 to Rs 34 lakh crore

Reuters

The net tax receipts during the April-September period stood at Rs 2.94 lakh crore and the total expenditure was about Rs 6.94 lakh crore.

New Delhi is aiming to keep the deficit at 5.3 percent of GDP this fiscal year, a revision to the previous target of 5.1 percent in the March 2012 budget.

Reuters

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