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The Economic Times
The Economic Times

Rajya Sabha passes Appropriation No.3 Bill authorising Rs 54,067 crore excess spending for FY23

The Rajya Sabha on Thursday passed the Appropriation (No. 3) Bill, 2026, granting parliamentary approval for government spending that exceeded original budget allocations during the 2022-23 financial year. With the Upper House clearing the Bill by voice vote, it now returns to the Lok Sabha, completing the legislative process for this Money Bill.

Piloting the debate, Finance Minister Nirmala Sitharaman said the excess demand relates to only two heads of expenditure, both of which featured in the Public Accounts Committee's 39th report tabled in the Lok Sabha this April.

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