New Delhi
India’s fiscal deficit for the primary eight months of the monetary yr that started April 1 was ₹9.07 trillion ($109.06 billion), or 50.7% of the estimate for the entire yr, authorities knowledge confirmed on Friday.
April-November internet tax revenues had been ₹14.36 trillion, or about 62% of the annual estimate, in contrast with ₹12.25 trillion rupees in the identical interval final yr, in accordance with the info.
Total expenditure through the interval was ₹26.52 trillion, or about 59% of the annual purpose, in contrast with ₹24.43 trillion in the identical interval final yr.
In the primary eight months of the monetary yr, authorities capital expenditure or spending on constructing bodily infrastructure was ₹5.86 trillion, or 58.5% of the annual goal, increased than ₹4.47 trillion rupees in the identical interval a yr earlier.
India goals to slender its fiscal deficit to five.9% of gross home product by the top of this fiscal yr, from 6.4% final yr.
