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Finance Minister Nirmala Sitharaman on Monday (March 10, 2025) tabled a statement in the Lok Sabha seeking the Parliament’s approval to spend a net additional amount of ₹51,462.86 crore in the current financial year ending March.
A large chunk of the net additional expenditure will go towards pension and subsidies for fertilizers. The gross additional spending sought by the government is over ₹6.78 lakh crore, of which ₹6.27 lakh crore would be matched by savings and receipts.
The net additional expenditure includes ₹14,100 crore to the Department of Fertilizers, for subsidies for urea and Phosphatic and Potassic (P&K) fertilizer, among others. An additional allocation of ₹13,449 crore was provided for the pension of government employees, including ₹7,000 crore towards the Unified Pension Scheme (UPS).
The total spending also included ₹8,476 crore for defence pension; ₹5,322 crore to the Department of Telecommunications; an additional ₹2,186 crore to the Agriculture Department; and ₹3,722 crore to the Union Territory of Jammu and Kashmir for additional expenditure to meet the resource gap.
Published – March 10, 2025 02:50 pm IST
