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House approval sought for extra spending of Rs 78,673 cr in FY24

By Economic Times - 4 months ago
The Indian government has requested parliamentary approval for an additional net expenditure of ₹78,673 crore in the second batch of supplementary demands for grants for 2023-24. Despite this, the government expects to reduce its fiscal deficit to 5.8% of gross domestic product, bettering the 5.9% budgeted goal. The latest set of demands includes gross additional spending of over ₹2 lakh crore, with nearly ₹1.22 lakh crore covered through savings or enhanced receipts.

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