Indian govt seeks parliament nod for $13b net extra spending in 2017/18

[ahlam1399]

Indian govt seeks parliament nod for $13b net extra spending in 2017/18

NEW DELHI: The Indian government on Thursday sought parliament?s approval to spend a net additional 853 billion rupees ($13.14 billion) in new spending in the current fiscal year to end-March 2018, a finance ministry statement said. This extra spending is unlikely to impact the country?s fiscal deficit target for 2017/18 as India had raised the fiscal deficit target to 3.5 percent of gross domestic product from 3.2 percent earlier.



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