New Delhi, March 29 - With India's April-February fiscal deficit having already crossed 120% of the full year's target, the government on March 29 said it was confident of keeping the deficit within the targeted 3.5% range.
The data released by the Comptroller General of Accounts (CGA) on March 29 showed that India's budgetary fiscal deficit for the 11 months ended in February stood at 120.3% -- Rs 7.15 lakh crore -- of the full year's revised target of Rs 5.94 lakh crore.
Economic Affairs Secretary Subhash Chandra Garg said the CGA data was only till February-end and that the latest numbers available till March 28 "are very close to revised estimates".
"Fiscal accounts numbers released yesterday (March 28) indicated end-February position. We now have flash numbers until March 28. We are very close to RE (revised estimates) for both fiscal deficit and revenue deficit. (We are) Quite confident that fiscal deficit will be within 3.5% of GDP," Garg tweeted.