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New Delhi, Aug 8

The Finance Minister, Mr P. Chidambaram, on Tuesday told the Lok Sabha that the Government plan to increase spending on food and fuel subsidy would not widen budget deficit.

As part of the first batch of supplementary demands for grants for 2006-07, the Government had sought Parliamentary approval for gross additional expenditure of Rs 47,868.97 crore.

Of this, the proposals involving net cash outgo aggregate to only Rs 8,667.95 crore. The Government will use Rs 39,200.66 crore of savings from ministries and departments to finance the remaining portion of additional expenditure.

(This article was published in the Business Line print edition dated August 9, 2006)
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