India's Fiscal Deficit For April-December Reaches 60% Of Full-Year Target

Advertisement
Read Time: 1 min
Nirmala Sitharaman will present the budget for the next financial year on Wednesday. (File)

India's fiscal deficit for the nine months through December touched 9.93 trillion rupees ($121.22 billion), nearly 60% of annual estimates, government data showed on Tuesday.

Net tax receipts rose to 15.56 trillion rupees while total expenditure was 28.18 trillion rupees, the data showed.

Finance Minister Nirmala Sitharaman will present the budget for the next financial year on Wednesday, where she is widely expected to say that India would meet its fiscal deficit target of 6.4% for the current year.

Advertisement

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Loading...