Business

India’s April-November fiscal deficit narrows to 46% of full-year target

Spread the love


India’s federal fiscal deficit in April-November, the first eight months of current fiscal year, narrowed to 46.2% of the full-year budgeted target, helped by a rise in tax collections, government data showed on Friday.

The fiscal deficit had surged to 135.1% of the full-year target during the same period last fiscal year.

The fiscal deficit for eight months ending November stood at 6.96 trillion rupees ($93.7 billion) against 15.07 trillion rupees target for the whole fiscal year, the data showed.

In April-November, net tax receipts were 11.35 trillion rupees while total expenditure was 20.75 trillion rupees, the data showed.

.

Usama Younus

Usama Younus is the owner and super admin of the site he's is an expert in news editing, tech and entertainment magazine management, and articles editing E.T.C.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
%d bloggers like this: