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April-February fiscal deficit at $93.2 billion

Source : REUTERS
Last Updated: Thu, Mar 28, 2013 07:12 hrs
Kashmiri woman walks under garland made of Indian currency notes in Srinagar

India's fiscal deficit during the April-February period was 5.07 trillion Indian rupees, or 97.4 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 94.6 percent of the budgetary target.

Net tax receipts for April-February stood at 5.7 trillion rupees while total expenditure was 12.2 trillion rupees.

Last month, the government had projected a fiscal deficit at 5.2 percent of the gross domestic product (GDP) for the current fiscal year that ends on March 31.

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