India's April-November fiscal deficit at $76.2 billion
NEW DELHI (Reuters) - India's fiscal deficit during the April-November period was 4.13 trillion rupees, or 80.4 percent of the budgeted full fiscal year 2012/13 target, government data showed on Monday.
During the same period in the previous fiscal year, the deficit was 85.6 percent of the budget target.
Net tax receipts for April-November stood at 3.7 trillion rupees while total expenditure was about 8.7 trillion rupees.
In March, the government had budgeted a fiscal deficit of 5.14 trillion rupees, or 5.1 percent of the gross domestic product (GDP), for the fiscal year that ends in March 2013.
However, in October, strained finances forced New Delhi to revise the deficit target to 5.3 percent.
(Reporting by Rajesh Kumar Singh; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
- UPDATE 1-Russia transfer of rocket system to Ukraine rebels imminent- Pentagon
- UPDATE 3-Nigeria government confirms Ebola case in megacity of Lagos
- UPDATE 1-Market Basket mulls ex-CEO's buyout offer as employees rally
- Dell, BlackBerry downplay threat from Apple-IBM alliance
- Alabama man claims penis was amputated by mistake
Israel and Palestinian militant groups in the Gaza Strip have agreed to a U.N.-requested 12-hour humanitarian truce to begin on Saturday morning, and efforts to secure a long-term cease-fire moved ahead. Full Article
Amazon's far-reaching ambitions, lack of profits, unnerve investors Full Article