The fiscal deficit at the end of February was at 107% of full-year estimates, suggesting that the government should be able to meet the target of keeping this at 3.9% of GDP for the year.
Data released by the government showed a April-February fiscal deficit of Rs.5.73 lakh crore compared with the revised estimate of Rs.5.35 lakh crore for the full fiscal made in the budget.
Higher revenues in the last month of the fiscal should help government claw back ground in March. In FY15, nearly a quarter of the entire tax revenue came in March and a similar performance this year should help the government meet its fiscal deficit target.
Data released by the government showed a April-February fiscal deficit of Rs.5.73 lakh crore compared with the revised estimate of Rs.5.35 lakh crore for the full fiscal made in the budget.
Higher revenues in the last month of the fiscal should help government claw back ground in March. In FY15, nearly a quarter of the entire tax revenue came in March and a similar performance this year should help the government meet its fiscal deficit target.
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