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

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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%.

GoodReturns.in

Read more about: fiscal deficit
Story first published: Tuesday, June 30, 2020, 17:48 [IST]
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