April-Sept fiscal deficit at 37% of FY23 target, net tax receipts Rs 10 trn

India’s fiscal deficit for the six months through September touched Rs 6.20 trillion ($74.91 billion) or 37.3% of annual estimates, government data showed on Monday.

Net tax receipts rose to Rs 10.12 trillion while total expenditure was Rs 18.24 trillion, the data showed.

In February, while presenting the annual budget, Finance Minister Nirmala Sitharaman set the fiscal deficit target at 6.4% of GDP for 2022/23 starting April, compared to 6.7% in the previous fiscal year.

($1 = 82.7620 Indian rupees)

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