April-July fiscal deficit at $53.7 bln - govt

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Reuters NEW DELHI
Last Updated : Aug 29 2014 | 4:56 PM IST

NEW DELHI (Reuters) - India's fiscal deficit in the first four months of the 2014/15 financial year was 3.25 trillion rupees ($53.7 billion), or 61.2 percent of the full-year target, government data showed on Friday.

The deficit was 62.8 percent during the comparable period in the previous fiscal year.

Net tax receipts were at 1.47 trillion rupees in the first four months of the current fiscal year to March 2015, while total expenditure was about 5.04 trillion rupees.

(Reporting by Rajesh Kumar Singh; editing by Malini Menon)

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First Published: Aug 29 2014 | 4:46 PM IST

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