India's April-November fiscal deficit at $76.2 billion

NEW DELHI Mon Dec 31, 2012 12:29pm IST

Related Topics

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)

FILED UNDER:

REUTERS SHOWCASE

2015: India Outlook

2015: India Outlook

India in 2014: A dream run for markets.  Full Article 

Funding Woes

Funding Woes

Co-founder of SpiceJet seeks time to finalise rescue.  Full Article 

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet.  Full Article 

Oil Price Forecast

Oil Price Forecast

Oil prices likely to rebound in second half of 2015: poll  Full Article 

Deal Talk

Deal Talk

China's private sector suitors to drive Asian M&A deals in 2015.  Full Article 

Property Tycoon

Property Tycoon

Wang Jianlin, China's property tycoon, finds golden path to billions.  Full Article 

Cybersecurity

Cybersecurity

Internet outage seen in N. Korea amid U.S. hacking dispute.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage