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Article: Govt expenses to shoot up by Rs 100,000 crore in FY'08.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 28, 2007
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Govt expenses to shoot up by Rs 100,000 crore in FY'08
New Delhi, Feb 28 (PTI) The government today announced stepping up of its expenses by nearly Rs 100,000 crore, thus budgeting for a total expenditure of Rs 680,521 crore to meet social sector commitments as also enhanced defence needs.
While non-plan expenditure alone is slated to go up by nearly Rs 66,000 crore, including about Rs 10,000 crore for defence and over Rs 12,500 crore toward increased interest payment, plan expenditure would go up by over Rs 32,370 crore essentially due to higher provisions for plan schemes.
"I estimate the Plan expenditure for 2007-08 at Rs 205,100 crore. As a ...