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India's government has requested approval for an additional spending of Rs 1.29 lakh crore for FY24, matched by savings of Rs 70,968 crore. The additional spending includes a Rs 13,351 crore fertiliser subsidy. Despite the additional outgo, the government expects to meet its FY24 fiscal deficit target of 5.9% of GDP.
The central government seeks parliament's approval for additional spending of 1.29 trillion rupees in the current fiscal year. The spending will mainl
The demands involve gross additional spending of more than ₹1.29 lakh crore in this fiscal, a significant chunk of which, ₹70,968 crore, will be met through savings or enhanced receipts of various ministries and departments, according to the papers tabled in both houses of Parliament.
The total amount of extra spending this year beyond the budget is €6 billion.
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