February 28, 2020 / 11:56 AM / a month ago

India's April-January fiscal deficit remains above full-year target

NEW DELHI (Reuters) - India’s fiscal deficit in the first 10 months through January stood at 9.85 trillion rupees ($137.05 billion), or 128.5% of the revised budgeted target for the current fiscal year, government data showed on Friday.

Net tax receipts in the April-January period were 9.98 trillion rupees, while total expenditure was 22.68 trillion rupees, the data showed.

Earlier this month, the Indian government revised the fiscal deficit target for the current financial year that runs through March to 3.8% of gross domestic product (GDP) from 3.3%, due to weak revenue collection. ($1 = 71.8700 Indian rupees)

Reporting by Aftab Ahmed; Editing by Alex Richardson

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