Centre seeks Lok Sabha nod for additional spending of Rs 1.48 lakh cr this fiscal

Lok Sabha. Pic/PTI

The government on Monday sought Lok Sabha approval for net additional spending of over Rs 1.48 lakh crore in the current fiscal.

The second batch of supplementary demands for grants for the 2022-23 fiscal was tabled in the Lok Sabha by Minister of State for Finance Pankaj Chaudhary.

Also Read: SEBI investigating market allegations against Adani group companies, says MoS Finance

"Approval of the Parliament is sought to authorise gross additional expenditure of Rs 2,70,508.89 crore. Of this, the proposals involving net cash outgo aggregate to Rs 1,48,133.23 crore and gross additional expenditure, matched by savings of the Ministries /Departments or by enhanced receipts/recoveries aggregates to Rs 1,22,374.37 crore," said the supplementary demands.

This additional spending includes over Rs 36,000 crore towards fertiliser subsidy and Rs 25,000 crore to the Department of Telecom. Another Rs 33,718 crore is towards meeting defence pension expenditure.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.