India's fiscal deficit for the April-February period was 3.07 trillion rupees ($61 billion), or 94.1 percent of an upwardly revised budget target, a government statement said on Tuesday.
In February, the government revised upwards its fiscal deficit estimate for the year ending March 31 to 3.27 trillion rupees, equivalent to 6 percent of gross domestic product from 2.5 percent estimated earlier.
The deficit has widened after the government announced extra spending of close to 1.5 trillion rupees to cover a farm debt scheme, subsidies and steps to stimulate a slowing economy.
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