NEW DELHI – India’s fiscal deficit in the four months through July stood at 5.48 trillion rupees ($76.65 billion), or 77.8% of the budgeted target for the current fiscal year, government data showed on Friday.

Net tax receipts in the first four months of the fiscal year were 3.39 trillion rupees, while total expenditure was 9.47 trillion rupees, government data showed.

The government has set a fiscal deficit target of 3.4% for 2019/20, same as 2018/19.

($1 = 71.4920 Indian rupees)

Reuters

Aug 30, 2019

Reporting by Manoj Kumar; Editing by Subhranshu SahuOur Standards:The Thomson Reuters Trust Principles.