April-October fiscal deficit touches 74% of full-year target

Fiscal deficit reached Rs 4.11 trillion ($61.67 billion) during April-October or 74 per cent of the full-year target, government data showed on Monday.

The deficit was 89.6 per cent of the full-year target during the same period a year ago.

Net tax receipts were Rs 4.29 trillion ($64.37 billion)in the first seven months of the fiscal year that ends in March 2016, while total spending touched Rs 10.22 trillion.

($1 = Rs 66.6500)

(Reuters)