New Delhi:Prime Minister Narendra Modi has said advancing the Budget by a month helped increase overall expenditure by nearly 30%, with a 48% rise in spending on infrastructure development.

While thanking lawmakers during an all party meeting for their support for historic economic reforms such as bringing the Budget session of Parliament forward and introduction of the goods and services tax (GST), Modi said higher spending was a huge achievement and would bring fiscal prudence in capital expenditure in future.

"A major impact of advancing the budgetary process by a month has been that the funds allotted to several departments for various schemes reached before the monsoon season. Earlier, it used to take two to three months for the funds allocated to the schemes to reach up to the departments. The implementation was delayed due to the monsoon. It did not happen this time and there has not been any lag period after March. It has also provided three months additional time for the completion of infrastructure projects," he said during the all-party meeting.