Supplementary demand for grants unlikely in the upcoming monsoon session

In 2021-22, the government had presented a ₹1.87 lakh crore first supplementary demand for grants on July 20, proposing a net cash outlay of ₹23,675 crore. In the fiscal, the government exceeded the budgeted fiscal deficit target by about ₹80,000 crore. It had raised the target to 6.9% of GDP from 6.8% pegged in the budget, but actual came in at 6.7% of GDP on back of improved revenues.

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