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Parliament has given its approval for a net additional spending of Rs 58,378.21 crore in the current fiscal ending March 2024 (FY24), with a large chunk allocated to MGNREGA and fertiliser subsidies. The gross additional spending would be more than Rs 1.29 lakh crore, out of which Rs 70,968 crore would be matched by savings and receipts.

The additional expenditure includes Rs 13,351 crore towards fertiliser subsidies and about Rs 7,000 crore towards spending by the Department of Food and Public Distribution. An additional outgo of Rs 9,200 crore is towards spending by the Ministry of Petroleum and Natural Gas, and Rs 14,524 crore by the Ministry of Rural Development towards MGNREGA is included in the supplementary demands. 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. 

For the full 2023-24 financial year, the 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 Budget Estimate of the last fiscal.