Finance

Government seeks Parliament’s nod for an additional gross spend of Rs 1.98 lakh crore

The government on Tuesday sought Parliament’s nod for gross additional expenditure of Rs 1,98,831.36 crore during the present fiscal ending March.

The third batch of Supplementary Demands for Grants, tabled by Finance Minister Piyush Goyal in the Lok Sabha, stated the net cash outgo aggregates to Rs 51,433.28 crore.

The gross additional expenditure aggregates to Rs 1,47,396.87 crore to be matched by savings by ministries or higher receipts.

Of the total net cash outgo, the document has pegged Rs 19,481 crore for the Ministry of Agriculture and Rs 4,840.75 crore for Ministry of Road Transport and Highways.

The government is also looking over Rs 4,700 crore for the Ministry of Home Affairs.

Follow