May 25, 2024 06:59 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bangladeshi MP Anwarul Azim was honey-trapped; killers were paid Rs. 5 cr for his gory murder: Cops | NIA arrests another key conspirator in Bengaluru Rameshwaram Cafe blast case | Delhi court convicts Medha Patkar in criminal defamation case filed by Delhi LG VK Saxena | 2 cops suspended for 'not following protocol' in Pune Porsche accident case | Sadhus hit Kolkata streets in protest against Mamata Banerjee's attack on Kartik Maharaj
Lok Sabha approves additional expenditure of Rs 58,378 cr for current fiscal
Supplementary Expenditure
Photo Courtesy: LS TV video screengrab

Lok Sabha approves additional expenditure of Rs 58,378 cr for current fiscal

| @indiablooms | 13 Dec 2023, 12:03 am

New Delhi: The Lok Sabha on Tuesday approved a net supplementary expenditure of Rs 58,378 crore for the current fiscal year, ending in March 2024.

A large portion of this allocation is earmarked for MGNREGA and fertilizer subsidies.

The government proposed a total gross additional spending of over Rs 1.29 trillion, with Rs 70,968 crore expected to be offset by savings and receipts.

Responding to the debate on Supplementary Demands for Grants, Finance Minister Nirmala Sitharaman underscored that maintaining fiscal prudence remains the government's foremost priority while ensuring a commitment to social welfare.

She added that the net additional spending by the government in the current fiscal year would amount to Rs 58,378.21 crore.

The extra spending totals Rs 13,351 crore allocated to the fertilizer subsidy and approximately Rs 7,000 crore directed towards the expenditures of the Department of Food and Public Distribution.

The House has also approved an additional expenditure of Rs 9,200 crore for the Ministry of Petroleum and Natural Gas and Rs 14,524 crore for the Ministry of Rural Development, specifically for the implementation of MGNREGA.

The Ministry of External Affairs is granted a total supplementary demand of Rs 20,000 crore, which will be offset by a reduction in expenditure of over Rs 9,000 crore.

For the entire fiscal year 2023-24, the government has budgeted the fiscal deficit to be Rs 17.86 trillion, equivalent to 5.9 percent of the GDP.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.