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India's fiscal deficit reaches 96 percent of full-year target in August
September 29, 2017 / 11:54 AM / 18 days ago

India's fiscal deficit reaches 96 percent of full-year target in August

An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

NEW DELHI (Reuters) - India reported fiscal deficit of 5.25 trillion rupees ($80.42 billion) for April-August or 96.1 percent of the budgeted target for the current fiscal year that ends in March 2018.

The deficit was 76.4 percent of the full-year target during the same period a year ago.

Net tax receipts in the first five months of 2017/18 fiscal year were 3.4 trillion rupees, government data showed on Friday.

($1 = 65.2800 Indian rupees)

Reporting by Manoj Kumar; Editing by Malini Menon

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