Union Budget 2019-20: What is a supplementary grant and when is it issued by Parliament
When grants authorised by the Parliament fall in need of the required expenditure, an estimate is introduced earlier than the Parliament for supplementary grants. When precise expenditure incurred exceeds the accepted grants, the Ministry of Finance and Ministry of Railways presents a Demand for Excess Grant.
In February, the federal government sought Parliament’s nod for gross extra expenditure of Rs 1,98,831.36 crore for the final fiscal. The third batch of Supplementary Demands for Grants, tabled by the then finance minister Piyush Goyal within the Lok Sabha, stated the web money outgo aggregated to Rs 51,433.28 crore.
The authorities additionally sought over Rs 4,700 crore for the Ministry of Home Affairs. The second batch of Supplementary Demands for Grants for 2018-19 for gross extra expenditure of Rs 85,948.86 crore, which included Rs 41,000 crore for a recap of the Public Sector Banks (PSBs), was handed by voice vote within the Lok Sabha in December 2018.
The second batch of supplementary demand was tabled by former finance minister Arun Jaitley on 20 December in search of Parliament’s approval for added expenditure of Rs 85,948.86 crore.
Parliament had accepted Rs 2,345 crore fairness infusion into the debt-laden nationwide provider Jet Airways below the second batch of Supplementary Demands for Grants 2018-19.
<!– Firstpost is now on WhatsApp. For the most recent evaluation, commentary and information updates, join our WhatsApp companies. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Your information to the most recent cricket World Cup tales, evaluation, studies, opinions, reside updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook web page for updates all through the continued occasion in England and Wales.