NEW DELHI: Government data on Wednesday reported the country's fiscal deficit at Rs 6.77 lakh crore for the period April 2017-January 2018. Currently, the fiscal deficit is at 113.7 per cent of the target originally set for the fiscal year that ends in March.
Net tax receipts in the first ten months of 2017-18 fiscal year were Rs 9.7 lakh crore, government data showed.
Finance Minister Arun Jaitley in his budget for 2018-19 said the fiscal deficit target for the current year has been raised to 3.5 per cent of gross domestic product (GDP) from 3.2 per cent.
Net tax receipts in the first ten months of 2017-18 fiscal year were Rs 9.7 lakh crore, government data showed.
Finance Minister Arun Jaitley in his budget for 2018-19 said the fiscal deficit target for the current year has been raised to 3.5 per cent of gross domestic product (GDP) from 3.2 per cent.