India's April-November fiscal deficit at $76.2 bn: Govt

Reuters : New Delhi, Mon Dec 31 2012, 12:32 hrs

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India's fiscal deficit during the April-November period was 4.13 trillion rupees ($76.2 billion), or 80.4 percent of the budgeted full

fiscal year 2012/13 target, government data showed on Monday.

During the same period in the previous fiscal year, the deficit was 85.6 per cent of the budget target.

Net tax receipts for April-November stood at 3.7 trillion rupees while total expenditure was about 8.7 trillion rupees.

In March, the government had budgeted a fiscal deficit of 5.14 trillion rupees, or 5.1 percent of the gross domestic product (GDP), for the fiscal year that ends in March 2013.

However, in October, strained finances forced New Delhi to revise the deficit target to 5.3 percent.

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