Total expenditure raised by Rs 150069 crore

The Budget Estimates for expenditure for 2008-09 have been revised to Rs.900,953 crore, showing an increase of Rs. 150,069 crore. Of this, Rs. 39,571 crore is in the Plan Scheme and Rs. 110,498 crore is in the Non-Plan sector. Plan expenditure has been revised to Rs. 282,957 crore against the budgeted estimate of Rs. 243,386 crore.

The additional Plan spending of Rs. 39, 571 crore is on account of an increase in the Central Plan by Rs. 24, 174 crore and an increase of Rs. 15, 397 crore in the Central assistance to States and UT Plans. The Central Plan expenditure has increased for Rural development, Atomic Energy, Telecommunications, Textiles, Urban Development, Youth Affairs & Sports and Railways.

On the Non-Plan side, the additionality of Rs. 110,498 crore in the revised estimates is accounted for by an increase in the expenditure of Rs. 44,863 crore on fertilizer subsidy, Rs. 10,960 crore on food subsidy, Rs. 15,000 crore on Agricultural Debt Waiver and Debt Relief Scheme, Rs. 7,605 crore on pensions and Rs. 5,149 crore on Police. An additional amount of Rs. 9,000 crore has been provided for Defence expenditure.

Source : Equity Bulls

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