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Replying to a debate on Supplementary Calls for for Grants, Finance Minister Nirmala Sitharaman stated that fiscal prudence is the highest precedence of the federal government with out compromising on social welfare.
She additionally stated that the web extra spending by the federal government could be Rs 58,378.21 crore within the present fiscal.
The extra expenditure consists of Rs 13,351 crore in the direction of fertiliser subsidy and about Rs 7,000 crore in the direction of spending by the Division of Meals and Public Distribution.
The Home additionally authorised an extra outgo of Rs 9,200 crore spending by the Ministry of Petroleum and Pure Gasoline and Rs 14,524 crore by the Ministry of Rural Improvement in the direction of MGNREGA.
The full supplementary calls for for spending by the Ministry of Exterior Affairs have been Rs 20,000 crore, which might be adjusted towards the discount of expenditure of over Rs 9,000 crore. For the complete 2023-24, the federal government has budgeted the fiscal deficit to be Rs 17.86 lakh crore or 5.9 per cent of the GDP.
The April-October fiscal deficit was 45.6 per cent of the full-year Funds Estimate of the final fiscal.
