April-Oct fiscal deficit touches 84 pct of full-year target - govt

NEW DELHI (Reuters) - The fiscal deficit touched 4.58 trillion during April-October, or 84.4 percent of the full-year target, government data showed on Friday.

Net tax receipts touched 3.57 trillion rupees in the first seven months of the current fiscal year to March 2014, while total expenditure was 9.22 trillion rupees.

In the annual budget presented in February, Finance Minister P. Chidambaram had committed to narrow the fiscal deficit to 4.8 percent of gross domestic product (GDP) this fiscal year from 4.9 percent a year ago.

(Reporting by Manoj Kumar; editing by Malini Menon)