A fiscal deficit is the difference between the government's total expenditures and its revenue
NEW DELHI: India reported on Wednesday a fiscal deficit of 6.77 trillion rupees ($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 9.7 trillion rupees, 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.
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