The finance minister P Chidambaram has been expecting the fiscal deficit to come at around 5.3 per cent of GDP in the current fiscal as against 5.1 per cent estimated earlier.
The data showed that during Apr-Nov period, the net tax receipts stood at Rs 3.7 lakh crore, while total expenditure was about Rs 8.67 lakh crore.
India's fiscal deficit has been burning on the fuel, fertiliser and food subsidy outgo which are the major reasons for the ballooning fiscal deficit.
Though the government has taken series of steps in previous year to curb this deficit, the real game-changer plan takes effect from January 1, 2013 with Direct Cash Transfer scheme.
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