April-January fiscal deficit touches 113.7% of full-year target


New Delhi, Feb 28: India reported on Wednesday a fiscal deficit of Rs 6.77 trillion ($103.72 billion) for April-January or 113.7 per cent of the target originally set for the fiscal year that ends in March. Net tax receipts in the first ten months of 2017/18 fiscal year were Rs 9.7 trillion, government data showed.
Finance Minister Arun Jaitley in his budget for 2018/19 said the fiscal deficit target for the current year has been raised to 3.5 per cent of gross domestic product (GDP) from 3.2 per cent.