April-December fiscal deficit at 4.07 trillion rupees

NEW DELHI Thu Jan 31, 2013 4:02pm IST

A man uses an electronic machine to check a rupee note at a money exchange shop in the northeastern Indian city of Siliguri February 5, 2008. REUTERS/Rupak De Chowdhuri/Files

A man uses an electronic machine to check a rupee note at a money exchange shop in the northeastern Indian city of Siliguri February 5, 2008.

Credit: Reuters/Rupak De Chowdhuri/Files

Related Topics

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)

FILED UNDER:

Religion and Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Hacking Attack

Hacking Attack

N.Korea says did not hack Sony, wants joint probe with U.S.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

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