The Indian government's fiscal deficit stood at 1.624 trillion rupees at the end of May, reaching 9.6% of the full-year Budget Estimate (BE), according to data from the Controller General of Accounts on Tuesday.
The latest reading was down from the deficit of 3.623 trillion rupees at the end of April, and compared with the deficit of 131.6 billion rupees in the year-ago period,
Total receipts in May stood at 7.187 trillion rupees, representing 19.7% of the annual target. Net tax revenue came in at 3.481 trillion rupees, or 12.1% of the BE, while non-tax revenue reached 3.509 trillion rupees, or 52.7% of the annual projection.
Meanwhile, total expenditure amounted to 8.81 trillion rupees, or 16.5% of the full-year budget projection.
