Fiscal deficit narrowed in April-November to 46% of full-year target

The deficit for eight months stood at ₹6.96 trillion

India’s federal fiscal deficit in April-November, the first eight months of current fiscal year, narrowed to 46.2% of the full-year budgeted target, helped by a rise in tax collections, government data showed on Friday.

The fiscal deficit had surged to 135.1% of the full-year target during the same period last fiscal year.

The fiscal deficit for eight months ended November 2021 stood at ₹6.96 trillion compared with the ₹15.07-trillion target for the whole fiscal year, the data showed.

In April-November, net tax receipts were ₹11.35 trillion while total expenditure was ₹20.75 trillion, the data released by the government showed.

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