Govt estimates additional spend of Rs 1.71 lakh core this fiscal including arrear payment for export duties

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Officials explained the announcement of RoDTEP was delayed as the government was trying to ensure proposed duty refunds are capped under the scheme and not left open-ended like under the MEIS. As the note on the supplementary demands indicates, additional expenditure under RoDTEP, if any, will be taken up at the RE stage of the budget.

Officials dismissed the slowdown felt in government expenditure and said, along with the Rs 56,000 crore exporter refunds, Rs 1.15 lakh crore will be spent additionally on food and fertiliser subsidies this fiscal, taking the total additional spend of the government to Rs 1.71 lakh crore at this stage. This would be roughly 0.8 to 0.9 percent of the GDP.