Govt seeks Parliament nod for net additional Rs 23,675 crore spending

 

Finance Minister Nirmala Sitharaman on Tuesday sought Parliament nod for net additional spending of Rs 23,675 crore, including Rs 10,730 crore for a rural jobs programme, in the first batch of supplementary demands for the current fiscal year.

As per the first batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.87 lakh crore.

Of this, the proposals involving net cash outgo aggregate to Rs 23,674.81 crore and gross additional expenditure, matched by savings of the ministries/departments or by enhanced receipts aggregates to over Rs 1.63 lakh crore.

The extra spending is on top of the budgeted Rs 34.83 trillion announced for the 2021/22 fiscal year in February, as compared with Rs 35.11 trillion expenditure in the previous fiscal year.

 

www.business-standard.com dt. 21.07.2021