($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)
(Adds detail)
NEW DELHI, March 13 (Reuters) - The Indian government
has proposed an additional net expenditure of 1.48 trillion
rupees ($18.06 billion) for the fiscal year ending this month, a
government statement said on Monday.
The additional gross expenditure for the same period will be
2.71 trillion rupees ($33.06 billion), the statement said.
An additional amount of 363.25 billion rupees has been
sought for fertiliser subsidy and 337.18 billion rupees have
been earmarked to meet the pension liabilities of defence
forces.
The government has also sought extra spending of 250 billion
rupees to provide telecom services in rural and remote areas.
The Indian government will spend 41.87 trillion in 2022/23,
according to the Union budget it presented on Feb. 1.
The government will stick to the spending target it
specified in the budget and any unused funds will be
reallocated, said a government official, declining to be named.
The government's fiscal deficit target would be met through
savings, extra tax and other receipts, the official added.
The government's fiscal deficit target for the ongoing
financial year, which will end on March 31, is set at 6.4% of
GDP (gross domestic product).
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