NEW DELHI: The Union government on Friday sought Parliament's nod for additional spending of 24.36 lakh crore for FY23, including over 1 lakh crore for fertilizer subsidy after the war in Europe boosted prices of soil nutrients and their feedstocks.
The first batch of supplementary demands for grants tabled in Lok Sabha by the minister of state for finance Pankaj Chaudhary also sought approval for additional expenditure of *80,348 crore towards food subsidy and additional allocation under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).
The supplementary demand is an additional grant required to meet the required expenditure of the government over and above the amount for which the parliamentary nod was taken earlier.
The need for additional expenditure arose as the fertilizer subsidy burden crossed the budget estimates in the wake of the developments in Europe and the need for the government to continue supporting additional requirements for providing food grains to the poor.
The government has sought gross additional expenditure of 24,35,938.87 crore, but the net cash outgo is expected only of *3,25,756.69 crore, as additional expenditure is matched by savings of the ministries/departments or by enhanced receipts/ recoveries ₹1,10,180.59 crore.
This story is from the December 10, 2022 edition of Hindustan Times.
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This story is from the December 10, 2022 edition of Hindustan Times.
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