India's fiscal deficit at $100 billion, stays above budgeted estimates
31 March 2014 10:05 PM IST
The fiscal deficit of the 2013/14 financial year touched Rs 5.99 trillion
Photo- AP
New Delhi: 'India's fiscal deficit in the first eleven months of the 2013/14 financial year touched 5.99 trillion rupees, or 114.3 per cent of the full year target,' stated the government data on Monday.
The deficit was 97.4 per cent during April-February in 2013. In the interim budget of February, the Congress-led government had revised the full-year fiscal deficit target to 5.25 trillion rupees, or 4.6 per cent of gross domestic product (GDP), from 5.42 trillion rupees, or 4.8 percent, earlier.
Net tax receipts were at 6.27 trillion rupees in the first eleven months of the current fiscal year to March 2014, while total expenditure was about 14 trillion rupees.
( Source : reuters )
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