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Just In: FY13 fiscal deficit at 4.89% v/s budget estimate of 5.2%

31 May 2013 Evaluate

FY13 fiscal deficit came in lower at 4.89% against budget estimate of 5.2%, on account of higher non-tax revenue, which were up by Rs 8,000-10,000 crore. Meanwhile, FY13 revenue deficit came at 3.6% against budget estimate of 3.9%.