Struggling to meet its subsidy burden, the Government on Friday sought Parliament's approval to spend an additional Rs49,715.54 crore mainly to meet the outgo on fuel, fertiliser and food subsidies in the current financial year.
The net cash outgo will be onlyRs40,967.27 crore, as per the Supplementary Demands for Grants tabled in lok Sabha by Finance Minister P Chidambaram.
The second and final batch of Supplementary Demands for Grants for 2012-13 includes 65 grants and one appropriation.
"Approval of the Parliament is sought to authorise gross additional expenditure of Rs49,715.54 crore. Of this, the proposals involving net cash outgo aggregate to Rs40,967.27 crore and gross additional expenditure, matched by savings of the Ministries/Departments or by enhanced receipts/recoveries aggregate to Rs 8,747.29 crore," the document said.
Of the total amount, Rs9,914.06 crore and Rs4,753.99 crore have been sought for food and fertiliser subsidies respectively.Parliament's nod was also sought for spending Rs24,773.75 crore for providing compensation towards estimated under recoveries to oil marketing companies on account of sale of petroleum products and subsidy to them for supply of natural gas to north eastern region has also been sought.Besides, a token provision of Rs98 lakh was sought Rs1lakh for each item of expenditure - for enabling re-appropriation of savings in cases involving new services or new instruments of service.