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Fiscal deficit hits 99% of full-year target in Nov

Fiscal deficit hits 99% of full-year target in Nov

The deficit was 93.9 percent during the same period a year ago.

Rajesh Kumar Singh
  • New Delhi,
  • Updated Dec 31, 2014 4:01 PM IST
Fiscal deficit hits 99% of full-year target in NovPhoto: Reuters

India's fiscal deficit was Rs 5.25 trillion ($83.08 billion) during April-November, or 98.9 percent of the full-year target , government data showed on Wednesday.

The deficit was 93.9 percent during the same period a year ago.

Net tax receipts were at Rs 4.13 trillion ($65.35 billion) in the first eight months of the current fiscal year that ends in March 2015.

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($1 = Rs 63.1950)

(Reuters)

Published on: Dec 31, 2014 3:57 PM IST
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