New Delhi: Finance Minister P Chidambaram presenting the Budget 2007-08 announced stepping up of its expenses by nearly Rs 100,000 crore, thus budgeting for a total expenditure of Rs 680,521 crore to meet social sector commitments as also enhanced defence needs.
While non-plan expenditure alone is slated to go up by nearly Rs 66,000 crore, including about Rs 10,000 crore for defence and over Rs 12,500 crore toward increased interest payment, plan expenditure would go up by over Rs 32,370 crore essentially due to higher provisions for plan schemes.
"I estimate the Plan expenditure for 2007-08 at Rs 205,100 crore. As a proportion of total expenditure (net of SBI share acquisition), the Plan expenditure will be 32 per cent," Finance Minister P Chidambaram said presenting the Budget for next fiscal in the Parliament.
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