NEW DELHI, March 13 (Reuters) – The Indian authorities has proposed an extra web expenditure of 1.48 trillion rupees ($18.06 billion) for the fiscal yr ending this month, a authorities assertion mentioned on Monday.

The further gross expenditure for a similar interval can be 2.71 trillion rupees ($33.06 billion), the assertion mentioned.

An further quantity of 363.25 billion rupees has been hunted for fertiliser subsidy and 337.18 billion rupees have been earmarked to satisfy the pension liabilities of defence forces.

The authorities has additionally sought further spending of 250 billion rupees to supply telecom companies in rural and distant areas.

The Indian authorities will spend 41.87 trillion in 2022/23, based on the Union finances it offered on Feb. 1.

The authorities will follow the spending goal it specified within the finances and any unused funds can be reallocated, mentioned a authorities official, declining to be named.

The authorities’s fiscal deficit goal could be met by way of financial savings, further tax and different receipts, the official added.

The authorities’s fiscal deficit goal for the continued monetary yr, which can finish on March 31, is ready at 6.4% of GDP (gross home product).
($1 = 81.9675 Indian rupees)

Reporting by Nigam Prusty in New Delhi, writing by Shilpa Jamkhandikar; Editing by Krishna N. Das and Savio D’Souza

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