Macro Economy

Parliament nod sought for additional spend of ₹46,228 cr

K.R. Srivats New Delhi | Updated on February 17, 2014 Published on February 17, 2014

Third and final batch of supplementary demand for grants tabled in Lok Sabha

The outgoing UPA Government has sought Parliament nod for additional spend of Rs 46,228 crore involving a net cash outgo of Rs 25,569 crore.

The balance Rs 20,659 crore will be met from savings of the ministries/departments.

Of the net cash outgo of Rs 25,569 crore, as much as Rs 10,000 crore will go to oil marketing companies as subsidy for under-recoveries on sale of petroleum products.

About Rs 9,382 crore is proposed to be spent in cash as interest payments on small savings, 14-day Treasury Bills and market loans.

These have been reflected in the third and final batch of supplementary demand for grants for 2013-14 tabled in the Lok Sabha by Finance Minister P Chidambaram on Monday.

Plan and non-Plan expenditure

Chidambaram has said the proposal involving a net cash outgo of Rs 25,569 crore will not result in any significant variation in the total estimated expenditure in revised estimates (Plan and non-Plan) for 2013-14.

This is because major portion of this has already been included in the revised estimate, according to Chidambaram.

In the first batch of supplementary demand for grants, introduced in August 2013, the Centre had sought Parliamnet nod for additional spend of Rs 7,500 crore, including Rs 1,000 crore for all-women's bank and Rs 1,000 crore for Nirbhaya fund.

The second batch of supplementary demand for grants, passed in December 2013, involved additional spend of Rs 18,595 crore involving a cash outgo of 13,127 crore (mainly for petroleum and fertiliser subsidies).

>srivats.kr@thehindu.co.in

Published on February 17, 2014

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