Why in news?
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Finance Minister Sudhir Mungantiwar in the Maharashtra state govt. on Monday tabled supplementary demands worth Rs 4,284.65 crore in the Assembly.
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Of this, ₹3,146.43 crore is the demand for additional expenditure till the next session.
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While the remaining amount pertains to expenses already incurred by the government.
What is supplementary demand?
Definition:
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The additional grant required to meet the required expenditure of the government is called Supplementary Grants.
When it has demanded?
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When grants, authorised by the Parliament, fall short of the required expenditure, an estimate is presented before the Parliament for Supplementary or Additional grants.
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When actual expenditure incurred exceeds the approved grants of the Parliament, the Ministry of Finance and Ministry of Railways presents a Demand for Excess Grant.
Who bring it notice to parliament?
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The Comptroller and Auditor General of India(CAG).
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The Public Accounts Committee examines these excesses and gives recommendations to the Parliament.
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These grants are presented and passed by the Parliament before the end of the financial year.
What is in the news?
Reason given by state:
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Supplementary demand figure jumped because of the State’ decision to allot ₹ 2,000 crore from its contingency fund to be spent for farmers suffering from natural calamities such as drought.
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Allocated an extra ₹10.82 crore as financial assistance to the heirs of farmers who have committed suicides in the current financial year.
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Provided ₹1,000 crore for the expenditure incurred on concessions given in the electricity tariff for agricultural pump and power loom consumers.
Source
The Hindu