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Tuesday, December 8, 2009

Fiscal deficit to be around target - finmin official

India's fiscal deficit for the current fiscal year ending in March will be around the targeted 6.8 percent of gross domestic product, a senior finance ministry official told reporters on Tuesday.

The official said that direct tax receipts would exceed expectations while total tax receipts will meet target.

The finance minister had on Tuesday said India does not need to borrow more than planned to fund its additional proposed expenditure.

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