Govt proposes additional net expenditure of Rs 1.48 trillion for 2022/23 – Newz9

NEW DELHI: The authorities has proposed an additional net expenditure of 1.48 trillion rupees ($18.06 billion) for the fiscal yr ending this month, a press release mentioned on Monday.
The additional gross expenditure for the identical interval can be 2.71 trillion rupees ($33.06 billion), the assertion mentioned.
An additional quantity of 363.25 billion rupees has been sought for fertiliser subsidy and 337.18 billion rupees have been earmarked to fulfill the pension liabilities of defence forces.
The authorities has additionally sought further spending of 250 billion rupees to offer telecom companies in rural and distant areas.
The authorities will spend 41.87 trillion in 2022/23, based on the Union finances it offered on February 1.
The authorities will keep on with the spending goal it specified within the finances and any unused funds can be reallocated, mentioned a authorities official, declining to be named.
The authorities’s fiscal deficit goal can be met by means of financial savings, further tax and different receipts, the official added.
The authorities’s fiscal deficit goal for the continued monetary yr, which is able to finish on March 31, is ready at 6.4% of GDP (gross domestic product).