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Rediff.com  » News » Govt seeks Parl nod for additional Rs 2 lakh cr spend

Govt seeks Parl nod for additional Rs 2 lakh cr spend

Source: PTI   -  Edited By: Senjo M R
February 05, 2024 18:10 IST
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The government on Monday sought Parliament's nod for a net additional spending of Rs 78,673 crore in the current financial year, including Rs 10,798 crore expenditure towards Mahatma Gandhi National Rural Employment Guarantee Act.

IMAGE: Union Finance Minister Nirmala Sitharaman speaks in Lok Sabha during the Interim Budget Session of Parliament, in New Delhi, February 5, 2024. Photograph: ANI Photo

The second batch of supplementary demands for grants for 2023-24 was tabled in Parliament by Finance Minister Nirmala Sitharaman also provides for additional spending of Rs 9,231 crore and Rs 3,000 crore towards food and fertiliser subsidy, respectively.

 

The supplementary demands for grants include a gross additional spending of over Rs 2 lakh crore, which would be matched by savings of over Rs 1.21 lakh crore.

The proposal involves net cash outgo aggregating to Rs 78,672.92 crore, said the document tabled in Parliament.

The Interim Budget for 2024-25 has pegged the government's total expenditure in the current financial year at Rs 44.90 lakh crore, up 7.1 percent from 2022-23.

Other major spending heads include Rs 9,162 crore for payments to defence services and Rs 3,890 crore towards defence pension.

Besides, Rs 5,000 crore has been earmarked for the department of economic affairs for transfer to the Senior Citizen Welfare Fund and Rs 84.12 crore towards establishment-related expenditure of the Enforcement Directorate on account of increased operational activity and establishment of new offices.

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Source: PTI  -  Edited By: Senjo M R© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 
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India Votes 2024