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BW Businessworld

April-February Fiscal Deficit At $93.2 Bn

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India's fiscal deficit during the April-February period was 5.07 trillion rupees, or 97.4 per cent of the budgeted full fiscal year 2012-13 target, government data showed. During the same period in the previous fiscal year, the deficit was 94.6 per cent of the budgetary target.

Net tax receipts for April-February stood at 5.7 trillion rupees while total expenditure was 12.2 trillion rupees.

Last month, the government had projected a fiscal deficit at 5.2 per cent of the gross domestic product (GDP) for the current fiscal year that ends on March 31.

(Reuters)