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April-May fiscal deficit at $40.05 billion

Source : REUTERS
Last Updated: Mon, Jun 30, 2014 16:41 hrs
Indian currency of different denominations are seen in this picture illustration taken in Mumbai

India's fiscal deficit in the first two months of the 2014/15 financial year touched 2,408.37 billion rupees ($40.05 bln), or 45.6 percent of the full-year target, government data showed on Monday.

The deficit was 33.3 percent during the comparable period in the previous fiscal year.

Net tax receipts were at 286.51 billion rupees in the first two months of the current fiscal year to March 2014, while total expenditure was about 2.8 trillion rupees.

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