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Oct surplus helps govt pare fiscal deficit

For April-October last year, the fiscal deficit had stood at 74% of budgeted estimates

Arup Roychoudhry  |  New Delhi 

The Centre’s fiscal deficit for the seven-month period of April-October stood at Rs 4.23 lakh crore, or 79.3 per cent of the full-year target, official data showed on Wednesday. This is on the back of a rise in indirect taxes and non-debt capital receipts, especially divestment.   With the availability of July-September quarter’s gross domestic product data, it has now emerged that April-September fiscal deficit stood at 6.3 per cent of the GDP, compared with a full-year target of 3.5 per cent.   Additionally, October was a good month for the Centre’s ...

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