HomeNews News Government seeks nod to spend Rs.14,787 crore more in FY17 Government seeks nod to spend Rs.14,787 crore more in FY17

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Government seeks nod to spend Rs.14,787 crore more in FY17

Government seeks nod to spend Rs.14,787 crore more in FY17

Saturday, March 18, 2017, 7:30 AM

The government sought Parliament’s approval for gross additional expenditure of Rs.11.35 lakh crore for FY17; given the savings by ministries and enhanced receipts, the net cash outgo would be only Rs.14,787 crore. The additional spending for which Parliament’s approval has now been sought would be panned out across food, telecom, defence and MSME sectors. It won’t lead to any extra borrowings by the Centre.
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