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India's fiscal deficit 86 per cent of target by February

India's fiscal deficit for the 11 months to February was 86 per cent of the target set in the revised estimates for 2000/01, data on a government website showed.

For the same period a year earlier, the fiscal deficit was 78.5 per cent of the revised estimates.

The deficit during April-February totalled Rs 962.67 billion.

The government said net tax revenues at the end of February stood at Rs 1086.58 billion or 75.2 per cent of the target for the fiscal year. Net tax revenues were 80 per cent of the target for the year-ago period.

India has set a fiscal deficit target of 4.7 per cent of GDP for 2001/02 (April-March), down from an estimated 5.1 per cent for 2000/01.

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