India's April-June fiscal deficit at $34.22 billion - government
NEW DELHI |
NEW DELHI (Reuters) - India's fiscal deficit during the April-June period rose to 1.9 trillion rupees (21.84 billion pounds), or 37.1 percent of the full fiscal year 2012/13, government data showed on Tuesday.
During the same period in the last fiscal year, the deficit was 39.4 percent of the budget target.
Net tax receipts during April-June stood at 1.05 trillion rupees and the total expenditure was 3.1 trillion rupees.
In March, the government had budgeted a fiscal deficit of $5.14 trillion rupees or 5.1 percent of the gross domestic product (GDP) for the current fiscal year.
(Reporting by Manoj Kumar; Editing by Sunil Nair)
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