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Fiscal deficit reaches 96 percent of FY target in October

India's fiscal deficit crosses 96 per cent of budget estimates at October-end.
India’s fiscal deficit crosses 96 per cent of budget estimates at October-end.

New Delhi: Government reported a fiscal deficit of 5.25 trillion rupees ($81.36 billion) for April-October, or 96.1 percent of the budgeted target for the current fiscal year that ends in March 2018.

The deficit was 79.3 percent of the full-year target during the same period a year ago.

Net tax receipts in the first seven months of 2017/18 fiscal year were 6.34 trillion rupees, government data showed on Thursday.

Reuters
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