Fiscal deficit touches 76% of full-year target
   
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Fiscal deficit touches 76% of full-year target

Last Updated: Thursday, October 31, 2013, 17:35
 
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Fiscal deficit touches 76% of full-year target
New Delhi: Fiscal deficit was Rs 4.12 trillion during April-September, or 76 percent of the full-year target, government data showed on Thursday.

Net tax receipts touched Rs 3.08 trillion in the first half of the current fiscal year to March 2014, while total expenditure was Rs 8.09 trillion.

The deficit in August was about 75 percent of the full-year target. However, a 67 percent jump in net tax receipts from the previous month helped rein in the deficit in September.

In the annual budget presented in February, Finance Minister P. Chidambaram had committed to narrow the fiscal deficit to 4.8 percent of gross domestic product (GDP) this fiscal year from 4.9 percent a year ago.



Reuters

First Published: Thursday, October 31, 2013, 17:33


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