Government Seeks Parliament Approval for ₹41,455 Crore Additional Spending in FY26
Finance Minister tables ₹1.32 trillion Supplementary Demands, including fertilizers and oil industry subsidies.
The Government of India on Monday sought the Lok Sabha's approval for net additional expenditure amounting to ₹41,455 crore for the current fiscal year 2025-26. The request was part of the first batch of Supplementary Demands for Grants tabled by Finance Minister Nirmala Sitharaman, aiming to secure Parliament’s nod for increased spending to meet fiscal requirements.
The supplementary demand totals a gross additional expenditure of ₹1.32 trillion across various ministries and departments. This includes not only new expenditure proposals but also corresponding savings from various ministries amounting to ₹90,812 crore, aiming to balance the overall fiscal impact.
A significant portion of the additional expenditure, ₹18,525 crore, has been earmarked for fertiliser subsidy and related benefits. This is intended to support the agricultural sector by making fertilisers affordable to farmers, a key policy priority for the government given the importance of agriculture to India’s economy and food security.
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Additionally, the Petroleum Ministry has sought ₹9,500 crore to compensate oil marketing companies for under-recoveries. This payment aims to bridge the gap created by market prices and administered fuel rates, cushioning oil companies against financial strain while stabilising fuel prices for consumers.
The government's push for supplementary budget approval underscores efforts to manage fiscal deficits and support critical sectors during the ongoing fiscal year. Parliament's approval will pave the way for these additional funds to be deployed and boost both agriculture and energy sectors amid evolving economic conditions.
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