April-Oct fiscal deficit touches 84% of FY14 target: Govt

The fiscal deficit touched Rs 4.58 lakh crore during April-October, or 84.4 percent of the full-year target, government data showed on Friday.

Net tax receipts touched Rs 3.57 lakh crore in the first seven months of the current fiscal year to March 2014, while total expenditure was Rs 9.22 lakh crore.

In the annual budget presented in February, Finance Minister P Chidambaram had committed to narrow the fiscal deficit to 4.8 percent of gross domestic product (GDP) this fiscal year from 4.9 percent a year ago.

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