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
- Iran hangs woman convicted of killing alleged rapist
- Google's Pichai to oversee major products and services
- UPDATE 1-UK's Labour suffers setback as leader in Scotland quits
- India picks Israel's Spike anti-tank missile over U.S. Javelin - source
- Maker of U.S. highway guardrails stops shipments over safety concerns
The latest Reuters poll of 20 economists taken over the past week shows Asia's third-largest economy will likely grow 5.5 percent this fiscal year and 6.4 percent the next, slightly better than 5.3 percent and 6.3 percent expected in the July poll. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article