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Additional Spending News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Parliament approves additional spending of Rs 58,378 crore in current fiscal

LS Gives Nod for Additional Cash Outgo of Rs 58,378 Crore

For the full 2023-24, the government has budgeted the fiscal deficit to be Rs 17.86 lakh crore or 5.9 per cent of the gross domestic product

No capex cuts, govt may rejig revenue spend

The Centre s fiscal deficit in the first four months of FY24 stood at 33.9% of the annual target, sharply higher than 20.5% a year before. Of course, the deficit until July is still way below the five-year average of 69%. Capex jumped nearly 52% between April and July from a year earlier to ₹3.17 lakh crore, higher than the budgeted annual rise of about 36%.

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