off-the-wire

UPDATE 1-India's April-Feb fiscal deficit touches 83% of annual target- govt

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds fiscal deficit, detail) New Delhi, March 31 (Reuters) -


India's fiscal deficit for the 11 months through February touched 14.54 trillion rupees ($177.02 billion), nearly 83% of annual estimates, government data showed on Friday.


Net tax receipts through February were 17.32 trillion rupees or 83% of the annual estimate and 17% higher than last year, per the data.


Total expenditure during the period was 34.93 trillion rupees or 83.4% of the annual goal and 11% higher than the government's spending last year.


India has targeted a budget deficit of 6.4% for the fiscal year ending this month.




($1 = 82.1850 Indian rupees) (Reporting by Nikunj Ohri and Shivangi Acharya in New Delhi; Editing by Dhanya Ann Thoppil)

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