NEW DELHI: The Parliament on Thursday gave its assent to the government’s demand for additional spending of Rs 1.03 lakh crore through supplementary demands for grants.The net cash outgo, however, will only amount to Rs 20,948.26 crore. Finance minister Arun Jaitley said both states and central government need to stick to their fiscal expenditure.“We need to optimise tax revenues at central and state level. I am hopeful we will maintain our projections as far as fiscal deficit is concerned,” he said.The government has committed to maintain fiscal deficit at 3.5% of the gross domestic production at the end of this financial year.The spending is in addition to the total expenditure of Rs 19.78 lakh crore, consisting of Rs 5.50 lakh crore under Plan and Rs 14.28 lakh crore under Non-Plan, projected in the Union Budget 2016-17."The Union government needs funds. Pay commission has put a burden of Rs 1.03 lakh crore, OROP (one rank one pension) has put a burden of Rs 12,000 crore," said Jaitley.He expressed hope that government is going to meet its fiscal deficit target for the current fiscal given the buoyancy in the tax collection. He also said India will continue to be the fastest growing major economy