New Delhi: Government data showed India`s January fiscal deficit overshot the full-year target as the gap swelled to 5.68 trillion rupees ($91.70 billion), or 107 percent of the target for the 2014/15 fiscal year ending in March.
Finance Minister Arun Jaitley said, while presenting the federal annual budget on Saturday, the government would meet the budgeted fiscal deficit target of 4.1 percent of GDP for the year ending March 31 through spending cuts and higher tax collection.
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