For Quick Alerts
ALLOW NOTIFICATIONS  
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%.

GoodReturns.in

Read more about: fiscal deficit
Story first published: Tuesday, June 30, 2020, 17:48 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X