Fiscal Deficit: Government seeks parliament nod for Rs 11,698 crore gross extra spending - News Trends

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Tuesday, 31 July 2018

Fiscal Deficit: Government seeks parliament nod for Rs 11,698 crore gross extra spending

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NEW DELHI: The government on Tuesday sought parliament approval for a gross Rs 11,698 crore in extra spending, which includes capital infusion in national carrier Air India, in the current fiscal year.



In a statement tabled in the Lok Sabha, the government said net extra spending will only be Rs 5,951 crore , as the remainder would be funded from savings.


The extra spending is on top of the budgeted Rs 24.42 lakh crore spending announced for the 2018-19 fiscal year in February, compared with Rs 21.43 lakh crore spending in the previous fiscal year.



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