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Fiscal deficit crosses 61% of budgeted target in first three months of 2019-20
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Fiscal deficit crosses 61% of budgeted target in first three months of 2019-20
Jul 31, 2019 9:51 AM

India's fiscal deficit in the three months ending in June stood at Rs 4.32 trillion rupees ($62.80 billion), or 61.4 percent of the budgeted target for the current fiscal year, government data showed on Wednesday.

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Net tax receipts in the first three months of the fiscal year were Rs 2.51 trillion, while total expenditure was Rs 7.22 trillion, government data showed.

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

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