India's fiscal deficit for the first three months of this fiscal year through June stood at 3.52 trillion rupees, or 21.2% of annual estimates, government data showed.
The fiscal deficit widened from 18.2% reported in the comparable year-earlier period.
Total receipts stood at 5.96 trillion rupees, while overall expenditure in the fiscal first quarter was at 9.48 trillion rupees. They were 26.1% and 24% of this fiscal year's budgeted target.
Revenue receipts stood at 5.68 trillion rupees, of which tax revenue was 5.06 trilion rupees and non-tax revenue was 621.6 billion rupees.
Revenue deficit was 2.05 trillion rupees, data showed.
While announcing the federal budget for this fiscal year, Finance Minister Nirmala Sitharaman had said India will aim to narrow the fiscal gap to 6.4% of gross domestic product from 6.7% in the last financial year.
Source Name:-Economic Times