Thursday, December 4, 2025

India seeks parliament’s nod for Rs 1.31 lakh crore in extra spending for this fiscal year

The India government has sought parliament’s approval on Monday for 1.31 lakh crore rupees ($14.61 billion) in extra spending for the fiscal year ending on March 31, 2026, Reuters reported citing official documents.

The papers did not show how much of this request would finally raise overall government spending. In earlier years, part of such supplementary demands for grants has been met through savings within ministry allocations, rather than adding to total expenditure.

The winter session of the parliament commenced on December 1. Along with the key Atomic Energy Bill, 2025, which aims to set rules for the use and regulation of atomic energy in India, the government has listed the Higher Education Commission of India Bill and eight other draft laws for the session. Parliament will meet for 15 sittings to take up these proposals.
India’s fiscal deficit for April to October, the first seven months of this financial year, stood at ₹8.25 lakh crore. This is 52.6% of the full-year estimate and higher than the 46.5% recorded a year earlier. The government plans to reduce the deficit to 4.4% of GDP this year, compared with 4.8% in the previous year.

Source link

Hot this week

Topics

Related Articles

Popular Categories

spot_img