The government on Tuesday sought Lok Sabha approval for gross additional expenditure of over Rs 2.81 lakh crore in current fiscal year. The second batch of Supplementary Demands for Grants was tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman. "Approval of Parliament is sought to authorise gross additional expenditure of Rs 2,81,289.26 crore. Of this, the proposals involving net cash outgo aggregate to Rs 2,01,142.96 crore and gross additional expenditure, matched by savings of the Ministries/Departments or by enhanced receipts/recoveries aggregates to Rs 80,145.71 crore," said the Supplementary Demands for Grants.
The central government seeks Parliament's approval for Rs 6.78 trillion in additional spending for FY25
The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure
Demand includes highest ever net cash outgo of Rs 4.12 trillion in the second supplementary demands for grants
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above
No doubt that economy will contract in Q1, Krishnamurthy Subramanian says
Finance Minister Nirmala Sitharaman presented the second and final batch of supplementary demands for grants in the Lok Sabha
The government has asked all departments to restrict the expenses to 25 per cent of the Budget Estimate (BE) in January-March
As per the first batch of Supplementary Demands for Grants, 2018-19 tabled in the Lok Sabha, the net cash outgo totals Rs 59.5 bn and gross additional expenditure aggregates to Rs 57.4 bn