India's fiscal deficit reaches nearly 43pc of budgeted target in May

NEW DELHI: India's fiscal deficit during April-May was 2289.86 billion rupees ($33.92 billion), or 42.9 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Thursday.

The deficit was 37.5 percent during the same period a year ago.

Net tax receipts in the first two months of 2016/17 fiscal year were 496.90 billion rupees.