homeeconomy NewsApril January fiscal deficit at 121.5% of full year target

April-January fiscal deficit at 121.5% of full-year target

April-January fiscal deficit at 121.5% of full-year target
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By Reuters Feb 26, 2019 5:16:45 PM IST (Published)

The April-January fiscal deficit touched 7.7 trillion rupees ($108.36 billion), or 121.5 percent of the budgeted target for the current fiscal year, government data showed on Tuesday.

The April-January fiscal deficit touched Rs 7.7 lakh crore ($108.36 billion), or 121.5 percent of the budgeted target for the current fiscal year, government data showed on Tuesday.

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Earlier this month, while presenting the annual budget for 2019/20, the government had revised upward its fiscal deficit target to 3.4 percent of GDP for the current fiscal year from the previously estimated 3.3 percent budgeted target.
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