Don’t miss the latest developments in business and finance.

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

Image
Reuters NEW DELHI
Last Updated : Dec 31 2014 | 3:55 PM IST

NEW DELHI (Reuters) - India's fiscal deficit was 5.25 trillion rupees ($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 4.13 trillion rupees ($65.35 billion) in the first eight months of the current fiscal year that ends in March 2015.

($1 = 63.1950 Indian rupees)

(Reporting by Rajesh Kumar Singh; editing by Malini Menon)

More From This Section

First Published: Dec 31 2014 | 3:47 PM IST

Next Story