Rs 3.25 Lakh Crore: Government Seeks Parliament Nod

The authorities on Friday sought Parliamentary approval for extra spending of round Rs 4.4 lakh crore, involving a fresh cash outgo of just a little below Rs 3.25 lakh crore, largely on account of fertilizer, meals and gasoline subsidies.

The rural improvement ministry is among the many businesses that can see their allocation enhance by greater than Rs 45,000 crore, with a further Rs 16,400 crore is proposed to be earmarked for offering extra funds for MGNREGA and one other Rs 28,775 crore below different heads.

Also, approval has been sought for meeting expenditure of the Food and Consumer Affairs Ministry for Rs 80,348.25 crore to be used mainly for distribution of free food grains under the National Food Security Act and for additional allocation under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) (Rs 60,110.32 crore).

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Rs 29,944 crore has been sought for expenditure of the Ministry of Petroleum towards payments of LPG subsidies to oil marketing companies and LPG connections to the poor under the Pradhan Mantri Ujjwala Yojana among others.

They have proposed Rs 60,000 because of the Modi authorities’s resolution. It is to increase the Pradhan Mantri Garib Kalyan Anna Yojana till December.

The price of the warfare in Ukraine is displaying its affect on the Centre’s budget because the subsidy invoice has shot up considerably.

As per the first batch of supplementary demands for grants tabled in Lok Sabha by Minister of State for Finance Pankaj Chaudhary, approval is being sought for gross additional expenditure of about Rs 4.36 lakh crore. Of this, net cash outgo amounts to over Rs 3.25 lakh crore and gross additional expenditure, matched by savings of ministries/departments or by enhanced receipts is over Rs 1.10 lakh crore.

In Budget, the government estimated a total expenditure of Rs 39.45 lakh crore for 2022-23, as compared to Rs 37.70 lakh crore for the previous fiscal.