NEW DELHI: India’s fiscal deficit for the first eight months of the financial year that started April 1 was 9.07 trillion rupees ($109.06 billion), or 50.7% of the estimate for the whole year, government data showed on Friday.
April-November net tax revenues were 14.36 trillion rupees, or about 62% of the annual estimate, compared with 12.25 trillion rupees in the same period last year, according to the data.
Total expenditure during the period was 26.52 trillion rupees, or about 59% of the annual goal, compared with 24.43 trillion rupees in the same period last year.
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In the first eight months of the financial year, government capital expenditure or spending on building physical infrastructure was 5.86 trillion rupees, or 58.5% of the annual target, higher than 4.47 trillion rupees in the same period a year earlier.
India aims to narrow its fiscal deficit to 5.9% of gross domestic product by the end of this fiscal year, from 6.4% last year.
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