Govt seeks Parliament nod to spend Rs 85,315 crore more in current fiscal

Tribune News Service

New Delhi, March 8

The government today sought Parliament’s nod for a net additional cash spending of Rs 85,315 crore in the current fiscal of which a large chunk will go towards compensating states for revenue loss suffered post the GST rollout.

Minister of State for Parliamentary Affairs Arjun Ram Meghwal moved the fourth batch of Supplementary Demands for Grants for 2017-18 in the Lok Sabha.

The additional expenditure is being incurred to match the revised estimates provided in the Budget and will not impact the 3.5% fiscal deficit.

As per the Supplementary Demands for Grants, the gross additional expenditure would be over Rs 9.06 lakh crore and this would be matched by over Rs 8.21 lakh crore savings by various ministries and departments.

The net cash outgo from the exchequer would aggregate to Rs 85,315.30 crore, as per the Finance Ministry document.