Afternoon D & C Dedicated To Mumbai
Home > Business > Centre's expenditure to touch Rs 26 lakh cr in FY20

Centre's expenditure to touch Rs 26 lakh cr in FY20

Friday, August 11, 2017

The total expenditure of the central government is likely to touch Rs 26 lakh crore in 2019-20, up from Rs 21.46 lakh crore estimated for the current fiscal, a finance ministry document said yesterday.

The Centre's capital expenditure is expected to rise 25% to Rs 3.9 lakh crore in 2019-20, with defence outlay alone jumping 22%, said the Medium-term Expenditure Framework Statement (MTEF) tabled in Parliament.

Together with revenue expenditure, government's total spending is projected to rise from Rs 21.46 lakh crore in 2017-18 to Rs 23.4 lakh crore in the next financial year and Rs 25.95 lakh crore in 2019-20, it said.

The capital expenditure is projected at Rs 3.09 lakh crore in the current fiscal and revenue expenditure at Rs 18.36 lakh crore, taking the total to Rs 21.46 lakh crore. The document, the ministry said, has set forth a three- year rolling target for the expenditure indicators with specification of underlying assumptions and risks involved.

Defence, which accounts for about 30% of the government's capital outlay, will see the spending rise from Rs 91,580 crore in the current fiscal to Rs 1,01,137 crore in the next one and Rs 1,11,706 crore in 2019-20.

While outgo on fertiliser subsidy is projected to be flat at Rs 70,000 crore between the current fiscal and 2019-20, the food subsidy bill will rise to Rs 1.75 lakh crore in 2018-19 and Rs 2 lakh crore in the following fiscal. Food subsidy bill in current fiscal is pegged at Rs 1.45 lakh crore

No Comments Posted
City news
BJP, Sena celebrate Gudi Padwa with ugly fight ...
Launching a frontal attack on Prime Minister Nare
The anti-encroachment department of (TMC) Thane M
My sex organ becomes hard very often nowadays and
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Stick to routine work where there are better chances of good profits. A quick turnover in finances will make you look for new areas of investment. It is not a time to bring about any changes. Build assets through saving for the long term. With certain developments in your life today you will be content. Your mate will be happy for your chance to live your dreams for real and share them.
- Advertising -
Global events will be crucial in deciding the tre
Demonetised Rs 500 and Rs 1,000 notes, which have
As the electric vehicle markets stand on the brin
Read More