India’s June quarter fiscal deficit hits 81% of FY18 target

Tue, Aug 01 2017, 05:39 PM

India’s fiscal deficit in the April-June quarter reached 80.8% of the government’s full-year target, against 61.1% in April-June 2016. The increase comes on the back of an increase in total government expenditure, which stood at 30.3% of its full-year target during this period, against 25.9% in 2016.