Tax mop-up enough to fund extra expenses: FM Nirmala Sitharaman

Stresses Budget estimates were made before Ukraine war

Union Finance Minister Nirmala Sitharaman exuded confidence that tax revenue generation in the current fiscal year (FY23) would be sufficient to fund the additional spending of Rs 3.26 trillion, for which her ministry has sought Parliamentary approval.

Replying to the debate on Supplementary Demand for Grants in the Rajya Sabha on Wednesday, Sitharaman refuted the Opposition’s claims that the Centre was not well prepared for global headwinds and said that the budgetary expenditure assumptions were made before the war in Ukraine and its impact on food and commodity prices.

“The revenue that we are generating is sufficient enough to pay