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.
Most Read In 24 Hours
Don't Miss
View All
Top News
PM Modi targets Rahul Gandhi, says after Amethi, Congress' ‘sahabzade’ will lose Wayanad seat also
Modi says some INDIA bloc leaders left Lok Sabha and moved t...
US sanctions Chinese suppliers for providing critical components of Pakistan’s ballistic missile programme
As a result of the action, all property and interests in pro...
Iraq's popular mobilization forces post hit in air strike, sources say
US official said there had been no US military activity in I...
Karnataka minister apologises to Neha's parents even as mother of killer says 'my son should be punished'
Reacting to the incident Parameshwara had stated that Neha a...
Indian student's death in US possibly linked to 'Blue Whale Challenge': Report
The 20-year-old, who will remain unnamed here in deference t...
