Thursday, Jun 30, 2022 | Last Update : 09:52 PM IST

  Business   Economy  28 Feb 2017  Fiscal deficit at Rs 5.64 lakh crore during April-Jan

Fiscal deficit at Rs 5.64 lakh crore during April-Jan

REUTERS
Published : Feb 28, 2017, 5:43 pm IST
Updated : Feb 28, 2017, 5:43 pm IST

Govt data showed fiscal deficit was 105.7 per cent of budgeted target for fiscal year ending in March 2017.

Representational image.
 Representational image.

New Delhi: India's fiscal deficit in the first 10 months to January was 5.64 trillion rupees ($84.56 billion) or 105.7 per cent of the budgeted target for the fiscal year ending in March 2017, government data showed on Tuesday.

The fiscal deficit was 95.8 per cent of the full-year target during the same period a year ago. Net tax receipts in the first 10 months of 2016/17 fiscal year were 8.16 trillion rupees, the data showed.

The government's tax receipts usually rise in the last two months of the fiscal year than its spending, thereby helping it meet the budgeted full-year fiscal deficit target.

The federal government reiterated earlier this month that it would meet the 2016/17 fiscal deficit target of 3.5 per cent of gross domestic product, and had also set the next fiscal year's target at 3.2 per cent of GDP.

Tags: fiscal deficit, gdp, indian economy, fiscal prudence
Location: India, Delhi, New Delhi