New Delhi: India’s budget deficit for the six months ending September was Rs 6.20 trillion ($74.91 billion), or 37.3% of annual expectations, according to government figures released on Monday.
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The figures showed that total expenditure was Rs 18.24 trillion while net tax receipts increased to Rs 10.12 trillion.
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Finance Minister Nirmala Sitharaman set the fiscal deficit target for 2022–23 commencing in April at 6.4% of GDP, down from 6.7% in the prior fiscal year, when she unveiled the annual budget in February.
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