The Rs 56,000 crore payout last month for wage arrears to government employees will not upset the fiscal deficit numbers for the April-August period of the current financial year as plan expenditure will shrink during monsoon, Finance Secretary Ashok lavasa said on Wednesday.
The Government had in July announced that it will pay its employees arrears arising out of implementation of the 7th Pay Commission award at one go in August salary. “Rs 84,000 crore is the liability of 14 months. The bill of Pay Commission recommendations is Rs 7,000 (crore) per month including arrears,” lavasa told PTI.