Fiscal deficit reaches nearly 88% of full-year target in December

India’s fiscal deficit was Rs 4,88,000 crore ($71.90 billion) during April-December, or 87.9% of the full-year target, data from the government has revealed.

The deficit was 100.2% of the full-year target during the same period a year ago.

This means that the governnment will have to keep the excess of its expenditure over income  at  12.1% of budget estimates in the remaining three months of the fiscal. Read Articles