FinMin plans to release unspent money, boost demand amid economic slowdown

To look at fiscal deficit of entire country before starting pre-Budget consultations, cut off-Budget borrowings

The finance ministry is working out a mechanism to release the money, stuck after it sanctioned the amount to other ministries and departments for various projects and schemes, to prop up the sagging economy.

Besides, the finance ministry has asked the agriculture ministry to expedite money disbursement under the PM Kisan to increase disposable income to distressed farmers to boost demand.

The ministry is also planning to look at the fiscal deficit of entire country — the Centre and the states — before it holds pre-Budget consultations. Besides, it will try to cut off-Budget expenditures which were flagged by the