April-August fiscal deficit reaches 75% of full-year target

Fiscal deficit rose to Rs 3.98 trillion ($64.4 billion) during April-August, or about 74.9 percent of the full-year target, government data showed on Tuesday.

The deficit was 74.6 per cent during the comparable period in the previous fiscal year.

Net tax receipts were at Rs 1.85 trillion in the first five months of the current fiscal year that ends in March 2015.

($1 = 61.77 rupees)

(Reuters)