April-August fiscal deficit reaches 96.1% of FY18 target

Government reported fiscal deficit of Rs 5.25 lakh crore for April-August or 96.1% of the budgeted target for the current fiscal year that ends in March 2018.

FY18 fiscal deficit target had been set at Rs 5.47 lakh crore.

The deficit was 76.4% of the full-year target during the same period a year ago.

Net tax receipts in the first five months of 2017/18 fiscal year were Rs 3.4 lakh crore, government data showed on Friday.

The country’s capital spending stood at Rs 1.1 lakh crore during the April-August period in FY18, up from Rs 91,300 crore in