Fiscal deficit reaches nearly 63% of full-year target: Govt
Aug 30 2013 , New Delhi
Net tax receipts for the first four months of the current fiscal year to March 2014 touched 1.45 trillion rupees, while total expenditure was 5.21 trillion rupees.
The country's fiscal deficit during the 2012/13 fiscal year ending March fell to 4.9 percent of the country's gross domestic product, compared with 5.8 percent a year ago.
In the annual budget presented in February, Finance Minister P. Chidambaram had set the fiscal deficit target at 4.8 percent of GDP for the current fiscal year.