NEW DELHI (Reuters) - India's fiscal deficit in the first 11 months to February was 6.06 trillion rupees ($93.40 billion), or 113.4 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Friday.
The fiscal deficit was 107.1 percent of the full-year target during the same period a year ago.
Net tax receipts in the first 11 months of the 2016/17 fiscal year were 8.85 trillion rupees, the data showed.
The government's tax receipts usually surge in the last month of the fiscal year, helping it meet the budgeted full-year fiscal deficit target.
New Delhi last month reiterated that it would meet the 2016/17 fiscal deficit target of 3.5 percent of gross domestic product.
($1 = 64.8850 Indian rupees)
(Reporting by Rajesh Kumar Singh; Editing by Subhranshu Sahu)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
