This Article is From Nov 30, 2018

April-October Fiscal Deficit At 6.49 Lakh Crores Crosses Full Year Target

Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were 6.61 lakh crore rupees, government data showed.

April-October Fiscal Deficit At 6.49 Lakh Crores Crosses Full Year Target

Government has said it was confident of meeting its fiscal deficit target of 3.3% of GDP in FY19.

April-October fiscal deficit stood at 6.49 lakh crore or 103.9 per cent of the budgeted target for current fiscal year, government data showed on Friday.

Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were 6.61 lakh crore rupees, government data showed.

The government has said it was confident of meeting its fiscal deficit target of 3.3 per cent of GDP in the 2018/19 fiscal year.

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