Parliament Approves Additional Rs 2.01 Lakh Crore Spending
The Indian Parliament approved supplementary demands for grants, permitting an additional Rs 2.01 lakh crore spending in the current fiscal. The Rajya Sabha and Lok Sabha finalized the appropriation following Finance Minister Nirmala Sitharaman's discussion. The total additional demands sought amounted to Rs 2.81 lakh crore.
- Country:
- India
In a significant fiscal maneuver, the Indian Parliament on Tuesday sanctioned supplementary demands for grants, thereby authorizing the expenditure of an additional Rs 2.01 lakh crore in the current fiscal year.
The Rajya Sabha returned the Appropriation Bill 2026 to the Lok Sabha, following a voice vote, and after Finance Minister Nirmala Sitharaman addressed discussions on the proposed grants.
This legislative decision reflects gross additional expenditures of Rs 2.81 lakh crore, offset by projected additional receipts amounting to Rs 80,000 crore, ultimately resulting in a net additional expenditure of Rs 2.01 lakh crore.
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