April-December fiscal deficit at 4.07 trillion rupees
NEW DELHI (Reuters) - India's fiscal deficit during the April-December period was 4.07 trillion rupees, or 78.8 percent of the budgeted full fiscal year 2012/13 target, government data showed on Thursday.
During the same period in the previous fiscal year, the deficit was 92.3 percent of the budgetary target.
Net tax receipts for April-December stood at 4.84 trillion rupees while total expenditure was 9.91 trillion rupees.
In March 2012, the government had budgeted a fiscal deficit of 5.14 trillion rupees, or 5.1 percent of the gross domestic product (GDP), for the current fiscal year that ends in March.
However, in October, strained finances forced New Delhi to revise the deficit target to 5.3 percent.
($1 = 53.3950 rupees)
(Reporting by Manoj Kumar; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
India's largest carmaker Maruti Suzuki India Ltd posted a smaller-than-expected rise in profit for the third quarter, hit by one-off items including a jump in advertising costs, a higher tax rate and lower income from investments. Full Article | Full coverage