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Budget 2018-19: Modi government may cut expenditure by Rs 50,000crore

Thursday, November 8, 2018, 8:31 AM

Its efforts to keep public spending robust notwithstanding, Centre may have to trim the annual-budgetary-expenditure for current financial-year by Rs.50,000 crore, or 2% from estimated-level, and axe could fall primarily on defence and some social-sector spending. Unlike UPA government which had resorted to heavy-expenditure-reductions to keep the fiscal numbers from going awry, the NDA government hasn't messed up with its original budget estimates much.

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