Fiscal deficit for June quarter hits 61% of full year target

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Fiscal deficit for June quarter hits 61% of full year target

Aug 01, 2019 09:52 IST

India's fiscal deficit for the quarter ending June stood at Rs 4.32 trillion or 61.4% of the budgeted target for the current fiscal year, according to government . While net tax receipts in the first three months of the fiscal year were at Rs 2.51 trillion, total expenditure was at Rs 7.22 trillion. The government has set a fiscal deficit target of 3.4% for 2019/20, the same as the previous year.