NEW DELHI, July 31 (Reuters) – India’s fiscal deficit (INFISC=ECI) for the primary three months of the monetary yr that began April 1 touched 4.51 trillion Indian rupees ($54.86 billion), 25.3% of annual estimates, authorities information confirmed on Monday.

April-June web tax receipts had been 4.3 trillion rupees, or 18.6% of the annual estimate, decrease than 5.06 trillion rupees in the identical interval final yr, in accordance with the information.

Total expenditure in the course of the interval was 10.51 trillion rupees ,or 23.3% of the annual aim, decrease than the 9.48 trillion rupees in the identical interval final yr.

In the primary quarter of the monetary yr, authorities’s capital expenditure or spending on constructing infrastructure was 2.78 trillion rupees, or 28% of the annual goal, larger than 1.75 trillion rupees final yr.

India goals to slender its fiscal deficit to five.9% of gross home product by the tip of the present fiscal yr, in opposition to 6.4% final yr.

($1 = 82.2120 Indian rupees)

Reporting by Aftab Ahmed; enhancing by Jason Neely and Bernadette Baum

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