Union Budget 2013: April-January fiscal deficit at 4.66 trillion rupees

Last Updated: Thu, Feb 28, 2013 11:58 hrs
An employee arranges Indian currency notes at a cash counter in New Delhi

India's fiscal deficit during the April-January period was 4.66 trillion rupees, or 90.7 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 105.4 percent of the budgetary target.

Net tax receipts for April-January stood at 5.28 trillion rupees while total expenditure was 11.1 trillion rupees.

In March 2012, the government had budgeted a fiscal deficit at 5.1 percent of the gross domestic product (GDP) for the current fiscal year that ends on March 31. It was later raised to 5.3 percent.

Earlier, Finance Minister P. Chidambaram said in his 2013/14 budget speech, the fiscal deficit for 2012/13 would come within 5.2 percent of GDP.

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