For Quick Alerts
For Daily Alerts

Fiscal Deficit For April-May Reaches 58.6% Of Annual Budgetary Target


For the April-May period, India's fiscal deficit reached Rs. 4.66 trillion or 58.6% of the budgeted target for the ongoing financial year, the government data released on Tuesday showed.

Fiscal Deficit For April-May Reaches 58.6% Of Budgetary Target

In the first two months through May, net tax receipts came in at Rs. 338.5 billion, while total expenditure stood at Rs. 5.12 trillion, revealing the government's stance on expanding its budgeted expenditure to fight the Covid 19 pandemic.

In the fiscal year 2019-20, the country's federal fiscal deficit was 4.6% of GDP, against initial estimates of 3.3%.

Read more about: fiscal deficit
Story first published: Tuesday, June 30, 2020, 17:48 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more