Government seeks Parliament`s nod to spend net additional Rs 58,378 crore in FY24
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The government has sought Parliament's nod to spend a net additional Rs 58,378 crore in the current fiscal ending March 2024 (FY24), with a large chunk going towards MGNREGA and subsidy on fertiliser. The gross additional spending sought by the government is over Rs 1.29 lakh crore, of which Rs 70,968 crore would be matched by savings and receipts.
The additional expenditure includes Rs 13,351 crore towards fertiliser subsidy and about Rs 7,000 crore towards spending by the Department of Food and Public Distribution. The government also sought Parliament approval for an additional Rs 9,200 crore spending by the Ministry of Petroleum and Natural Gas and Rs 14,524 crore by the Ministry of Rural Development towards MGNREGA.
The total supplementary demands for spending by the Ministry of External Affairs is Rs 20,000 crore, which would be adjusted against the reduction of expenditure of over Rs 9,000 crore.
