Fiscal deficit reaches 96% of full-year target in August
India's fiscal deficit for April-August reached 96.1% of the budgeted target for the current fiscal year that ends in March 2018. The fiscal deficit stood at â¹5.25 trillion ($80.42 billion) and net tax receipts in the first five months were â¹3.4 trillion, government data showed. Notably, the deficit was 76.4% of full-year target during the same period a year ago.