India's April-June fiscal deficit at $34.22 billion: government

Reuters Business News
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Posted: Jul 31, 2012 7:25 AM
India's April-June fiscal deficit at $34.22 billion: government

NEW DELHI (Reuters) - India's fiscal deficit during the April-June period rose to 1.9 trillion rupees ($34.22 billion), 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)