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Expenditure to rise only 3.3% in 2011-12

EXPENDITURE: At Rs 12,16,575.24 cr, govt spending rose 19% in 2010-11 over that in 2009-10. With the government opting for fiscal consolidation, Finance Minister Pranab Mukherjee has projected a mere 3.3 per cent increase in the total government spending, at Rs 12,57,728.83 crore, during 2011-12. The revised estimates for 2010-11 show that the government spending, at Rs 12,16,575.24 crore, increased 19 per cent this year, over that in 2009-10. The tight control in spending will result in lower capital expenditure next year. It is projected to decline over 1 per cent to Rs 12,57,728.83 crore ...