NEW DELHI, June 19:
Plan expenditure, the government spending on social sector schemes, is likely to fall short by Rs 6.58 lakh crore in the 12th Plan period (2012-17), according to the Planning Commission estimates.
“Even with 20 per cent increase in (Plan) resources for next two years, the resource shortfall is likely to be at Rs 6.58 lakh crore,” the Commission’s official estimate revealed.
During the first three years of the five-year policy period which began on April 1, 2012, government has allocated 40.48 per cent of the total outlay of Rs 35.68 lakh crore.
Earlier during the UPA regime, the Plan expenditure since the beginning of the 12th Plan was curtailed for two years in a row to keep a tab on fiscal deficit.
During the first year of the policy period in 2012-13, the spending was pegged at Rs 5.21 lakh crore in the budget estimates. However, the actual Plan expenditure remained lower at Rs 4.14 crore. (PTI)
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