Finance Minister Nirmala Sitharaman gave Parliament green signal for additional budgetary spending of ₹2.35 lakh crore | Business Upturn

Finance Minister Nirmala Sitharaman gave Parliament green signal for additional budgetary spending of ₹2.35 lakh crore

Honorable Finance Minister Nirmala Sitharaman on Monday i.e. 14th September gave the Parliament green signal for additional spending of 2,35,852.87 crore, including 40,000 crore towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program.

The first batch of Supplementary Demands for Grants for 2020-21 said, “Of this, the proposals involving net cash outgo aggregate to 1,66,983.91 crore and gross additional expenditure, matched by savings of the Ministries/Departments or by enhanced receipts/recoveries aggregates to 68,868.33 crore.”

The government has also sought 46,602.43 crore towards providing additional allocation under Post Devolution Revenue Deficit Grant to the states as per recommendations for Fifteenth Finance Commission.

54 Grants and 1 Appropriations are included in the first batch of Supplementary Demands for Grants for 2020-21.