Labour Ministry spends 2.66 per cent of the total annual estimate for 2017-18

Vastavam web: Labour Ministry’s expenditure fell well short of projections during the first quarter of the current fiscal at Rs 195.94 crore, against the estimated Rs 481.43 crore, showed official data.This quarterly expenditure of Rs 195.94 crore works out to 2.66 per cent of the total annual estimate of Rs 7,378.38 crore for 2017-18.
“Against the projected estimate of Rs 481.43 crore (6.52 per cent of budgeted estimate 2017-18), the expenditure incurred in the first three months of the current financial year is Rs 195.94 crore against the total budget provision,” according to the labour ministry quarterly report for 2017-18.In 2016-17, the total budgeted estimate (BE) of the labour ministry was Rs 6,453.98 crore, of which Rs 172.83 crore (5.48 per cent of BE) was spent during April-June, showed the data.
The data showed Rs 195.81 crore was spent as revenue head while Rs 13 lakh (Rs 0.13 crore) as capital expenditure.Publication of the data is to present the integrated and comprehensive picture of its finances after closure of the first quarter of this financial year as also expenditure analysis of previous financial years, the labour ministry said.Of the last five years, the data showed Rs 22,714.88 crore was spent during 2012-13 to 2016-17, in form of plan and non-plan expenditure.