Rs 10,000 Crore Expenditure Savings Likely In 2002-03

The Centre hopes to save about Rs 10,000 crore in expenditure during the current financial year. The budget had estimated the total expenditure for this year at Rs 4,10,309 crore.

According to government officials involved in the budget-making exercise, savings are expected in interest payments, defence, and Plan expenditure.

The savings would, however, be more than nullified by the huge shortfall in receipts to the tune of over Rs 20,000 crore.

The latest estimates of this year