India's fiscal deficit reaches 74 percent of full-year target in July
Reuters
Published Aug 31, 2016 07:12AM ET
Updated Aug 31, 2016 07:40AM ET
India's fiscal deficit reaches 74 percent of full-year target in July
NEW DELHI (Reuters) - India's fiscal deficit during April-July was 3.93 trillion rupees ($58.69 billion), or 73.7 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.
The deficit was 69.3 percent during the same period a year ago.
Net tax receipts in the first four months of 2016/17 fiscal year were 2.22 trillion rupees.
($1 = 66.9650 Indian rupees)
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Written By: Reuters
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