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April-November Fiscal Deficit Hits 115% Of Full-Year Target

Net tax receipts in the 8 eight months of the fiscal year that ends in March 2019 were Rs 7.32 lakh crore
Net tax receipts in the 8 eight months of the fiscal year that ends in March 2019 were Rs 7.32 lakh crore
The government risks missing its budget deficit target for the current fiscal year, data released on Thursday suggested, and economists said the government had already started to cut capital spending in an attempt to narrow the gap. The data showed the fiscal deficit in the April-November period stood at Rs 7.17 lakh crore ($101.93 billion), or 114.8 per cent of the budgeted target for the fiscal year that ends in March.
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