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Fiscal deficit reaches 94% of 2016-17 target in December

Fiscal deficit reaches 94% of 2016-17 target in December

Tuesday, January 31, 2017, 6:11 PM

Government data showed that, India’s fiscal deficit in the first nine months to December was Rs 5.01 trillion or 93.9% of the budgeted target for the fiscal year ending in March 2017. The fiscal deficit was 87.9% of the full-year target during the same period a year ago. Net tax receipts in the first nine months of 2016-17 fiscal year were Rs 7.52 trillion.
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