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Parliamentary panels warn ministries miss spending targets budgets cut at RE stage

Economy
Published on 2 May 2026
Parliamentary panels warn ministries miss spending targets budgets cut at RE stage

Revised estimates cut funds and many still sit unspent

Parliamentary panels have flagged a recurring problem: central ministries repeatedly fail to spend allocated funds, forcing large surrenders. The reports point to weak budgeting and forecasting, with major cuts at the revised estimates stage in areas like Defence, Petroleum and Housing, alongside persistently low utilization rates. Committees warn this cycle undermines planning and delivery of public priorities.

  • Committees cite ministries failing to spend allocated budgets
  • Large fund surrenders persist despite RE stage cuts
  • Poor budgeting and forecasting blamed across major ministries
  • Low utilization rates noted in Defence Petroleum and Housing
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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