India`s April-June fiscal deficit at $44 billion - government
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
India's fiscal deficit for the three months through June touched 3.5 trillion rupees ($44.17 billion) or 21.2% of annual estimates while tax collections rose at a faster-than-expected pace, government data showed on Friday.
Net tax receipts rose to 5.06 trillion rupees while total expenditure was 9.48 trillion rupees, the data showed.
In February, while presenting the annual budget, Finance Minister Nirmala Sitharaman set the fiscal deficit target at 6.4% of GDP for 2022/23 starting April, compared to 6.7% in the previous fiscal year.
($1 = 79.2390 Indian rupees)
Tag News
Monthly Debt Market Update, September 2023: CareEdge Ratings
