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

India's fiscal deficit reaches nearly 43 percent of budgeted target in May

Image
Reuters NEW DELHI
Last Updated : Jun 30 2016 | 8:29 PM IST

NEW DELHI (Reuters) - India's fiscal deficit during April-May was 2289.86 billion rupees ($33.92 billion), or 42.9 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Thursday.

The deficit was 37.5 percent during the same period a year ago.

Net tax receipts in the first two months of 2016/17 fiscal year were 496.90 billion rupees.

($1 = 67.5052 Indian rupees)

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

Also Read

First Published: Jun 30 2016 | 8:13 PM IST

Next Story