April-October fiscal deficit at $67.5 bln - govt
NEW DELHI (Reuters) - India's fiscal deficit during the April-October period rose to 3.68 trillion rupees, or 71.6 percent of the budgeted full fiscal year 2012/13 target, government data showed on Friday.
During the same period in the previous fiscal year, the deficit was 74.4 percent of the budget target.
Net tax receipts during the April-October period stood at 3.34 trillion rupees and the total expenditure was about 7.79 trillion rupees.
New Delhi is aiming to keep the deficit at 5.3 percent of GDP this fiscal year, a revision to the target of 5.1 percent in the March 2012 budget. (Reporting by Manoj Kumar)
- Tweet this
- Share this
- Digg this
Group of 20
Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the U.S. and others for more immediate stimulus. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article