India’s April-May fiscal deficit at $25.3 bln

(Reuters) – India’s fiscal deficit during April and May was 1 .42 trillion rupees, or 27 .6 percent of the full fiscal year 2012/13 target, government data showed on Friday.

An employee uses an electronic machine to check a rupee note inside a bank in Allahabad in this December 16, 2011 file photo. REUTERS/Jitendra Prakash/Files

During the same period in the last fiscal year, the deficit was 3 1.7 p ercent of the budgeted target.

Net tax receipts were 409.3 billion rupees and the total expenditure was 1 .91 trillion r upees during the April-May period.

In March, the government had budgeted a fiscal deficit of 5.14 trillion rupees or 5.1 percent of gross domestic product (GDP) for the current fiscal year.

(curtsey : reuter)

Rupesh Yatesh Dalal
Head Research Department

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