BUDGET
FY25 subsidy bill seen 4.28 trln rupees, down 2.7% on year
This story was originally published at 15:53 IST on 23 July 2024
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--BUDGET: FY25 food subsidy seen 2.053 trln rupees
--BUDGET: FY24 revised food subsidy at 2.123 trln rupees
--BUDGET: FY25 petroleum subsidy seen 119 bln rupees
--BUDGET: FY24 revised petroleum subsidy at 122 bln rupees
--BUDGET: FY24 revised fertiliser subsidy at 1.889 trln rupees
--BUDGET: FY25 fertiliser subsidy seen 1.640 trln rupees
MUMBAI - The government today pegged the total subsidy bill for 2024-25 (Apr-Mar) at 4.28 trln rupees, down 2.7% from the revised estimate for last year, according to the full Budget presented by Finance Minister Nirmala Sitharaman in Parliament today. The subsidy bill is 186.99 bln rupees higher than 4.10 trln rupees in the Interim Budget.
The government's expenditure on major subsidies, including food, fertiliser, and petroleum, is pegged at 3.8 trln rupees, down from the revised estimate. As per the Budget, the government will spend 2.05 trln rupees on food subsidy, down 3.3% from the revised estimate.
The Budget has estimated the fertiliser subsidy bill for 2024-25 at 1.64 trln rupees, down 13.2% on year. The petroleum subsidy bill is seen at 119.25 bln rupees, down 2.6% from 2023-24.
The following table details subsidies, in bln rupees, as per the full Budget proposals:
Budget Estimate 2024-25 | Interim Budget 2024-25 | Revised Estimate 2023-24 | Yr-on-yr % change | |
| Food | 2052.5 | 2052.50 | 2123.32 | (-)3.3 |
| Fertiliser | 1639.99 | 1640.00 | 1888.94 | (-)13.2 |
| Petroleum | 119.25 | 119.25 | 122.40 | (-)2.6 |
| Interest subsidy | 295.5 | 255.50 | 239.80 | 23.2 |
| Other subsidies | 176.97 | 29.98 | 30.90 | 472.7 |
| Total | 4284.22 | 4097.23 | 4405.36 | (-)2.7 |
End
Reported by Krity Ambey and Kshipra Petkar
Edited by Avishek Dutta
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