Total unspent money during the corresponding period in 2018-19 was ₹7,83,572 crore, or 33.9% of the budgeted expenditure of ₹23,11,422 crore. While a major portion of allocated money is often spent towards the end of the fiscal, the Union finance ministry has this year tightened its cap on “rush” expenditure. The budget estimate of the fiscal deficit in 2019-20 is 3.3% of the GDP at ₹7,03,760 crore. Till November, the ministry of housing and urban affairs could spend 58% of ₹48,032.17 crore allocated to it for 2019-20. Reuters reported last week that the government’s direct tax collections this year could end up being less than the last fiscal year.

Source: Hindustan Times January 26, 2020 17:37 UTC