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India’s federal fiscal deficit in April-November, the primary eight months of present fiscal yr, narrowed to 46.2% of the full-year budgeted goal, helped by an increase in tax collections, authorities information confirmed on Friday.
The fiscal deficit had surged to 135.1% of the full-year goal throughout the identical interval final fiscal yr.
The fiscal deficit for eight months ended November 2021 stood at ₹6.96 trillion in contrast with the ₹15.07-trillion goal for the entire fiscal yr, the information confirmed.
In April-November, web tax receipts had been ₹11.35 trillion whereas complete expenditure was ₹20.75 trillion, the information launched by the federal government confirmed.
Supply- thehindu