To boost spending, govt seeks parliament nod to spend extra Rs 853 billion

This extra spending is unlikely to impact the country's fiscal deficit target.

The government on Thursday sought Parliament’s nod for a net additional cash spending of Rs 853.15 billion in the current financial year ending this month, 70 per cent of which would go towards compensating states for revenue loss suffered after the roll-out of the goods and services tax (GST).

Minister of State for Parliamentary Affairs Arjun Ram Meghwal moved the fourth batch of Supplementary Demands for Grants for 2017-18 in the Lok Sabha. The additional expenditure is being incurred to match the revised estimates provided in the Budget and will not impact the fiscal deficit target of 3.5 of