NEW DELHI, June 30 Reuters India39;s federal fiscal deficit between April and May touched 2.04 trillion rupees 25.84 billion, or 12.3 of the yeartoMarch budgeted target, government data showed on Thursday.

In first two months of the current fiscal year, net tax receipts were 3.08 trillion rupees while total expenditure was 5.86 trillion rupees, the data showed.

In February, while presenting the annual budget, Finance Minister Nirmala Sitharaman set the fiscal deficit target at 6.4 of the GDP for 202223 fiscal year starting April, compared to 6.7 in the previous fiscal year.

1 78.9520 Indian rupees

Reporting by Manoj Kumar and Aftab Ahmed Editing by Raissa Kasolowsky

Source Reuters