Govt seeks Parliament nod for internet extra spending of Rs 78,673 crore this fiscal

The authorities on Monday sought Parliament’s nod for a internet extra spending of Rs 78,673 crore within the present monetary 12 months, together with Rs 10,798 crore expenditure in direction of MGNREGA. The second batch of supplementary calls for for grants for 2023-24 was tabled in Parliament by Finance Minister Nirmala Sitharaman additionally offers for added spending of Rs 9,231 crore and Rs 3,000 crore in direction of meals and fertiliser subsidy, respectively.
The supplementary calls for for grants embrace a gross extra spending of over Rs 2 lakh crore, which might be matched by financial savings of over Rs 1.21 lakh crore.

The proposal includes internet money outgo aggregating to Rs 78,672.92 crore, stated the doc tabled in Parliament.

The Interim Finances for 2024-25 has pegged the federal government’s whole expenditure within the present monetary 12 months at Rs 44.90 lakh crore, up 7.1 per cent from 2022-23.
Different main spending heads embrace Rs 9,162 crore for funds to defence companies and Rs 3,890 crore in direction of defence pension.

Apart from, Rs 5,000 crore has been earmarked for the Division of Financial Affairs for switch to the Senior Citizen Welfare Fund and Rs 84.12 crore in direction of establishment-related expenditure of the Enforcement Directorate on account of elevated operational exercise and institution of latest places of work.

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