NEW DELHI :
India’s federal fiscal deficit in the 10 months to end-January stood at ₹12.34 trillion ($167 billion), or 66.8% of the revised budgeted target for the whole fiscal year, government data showed on Friday.
Net tax receipts were ₹11.02 trillion, while total expenditure was ₹25.17 trillion, the data showed.
On Feb. 1, the government revised its fiscal deficit target for the current year that runs through March to 9.5% of gross domestic product (GDP), instead of its original target of 3.5% of GDP as the coronavirus pandemic lead to lower tax collection and higher spending.
