Reuters | Updated On: May 30, 2014 17:10 (IST)
India's fiscal deficit during the 2013/14 fiscal year that ended in March was Rs 5.08 lakh crore, or equivalent to 4.5 per cent of the country's gross domestic product, government data showed on Friday.
The deficit is lower than the downwardly revised estimate of 4.6 per cent provided by the government in the federal budget in February and is narrower than 4.9 percent a year earlier.
Net tax receipts were Rs 8.16 lakh crore and total expenditure was Rs 15.6 lakh crore during the fiscal year, the data showed.
Copyright: Thomson Reuters 2014
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