Data Alert
Apr-Jun major subsidies at 901.74 bln rupees, up 3.6% YoY
This story was originally published at 11:14 IST on 1 August 2024
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NEW DELHI – The government's expenditure on major subsidies in Apr-Jun rose 3.6% on year to 901.74 bln rupees due to sharply higher spending on food subsidy, data from the Controller General of Accounts showed.
The expenditure accounted for 24% of the Budget estimate of 3.812 trln rupees for 2024-25 (Apr-Mar), compared to 23% in the first quarter of the last financial year.
The food subsidy bill jumped 49.2% on year to 619.69 bln rupees in the first three months of the current financial year. On the other hand, expenditure on fertiliser subsidies was down 38.3% at 278.25 bln rupees in Apr-Jun.
The following table details major subsidies in Apr-Jun (in bln rupees):
| Apr-Jun 2024-25 | Apr-Jun 2023-24 | Budget Estimates | Year-on-year % change | |
| Food | 619.69 | 415.34 | 2052.50 | 49.2 |
| Fertiliser | 278.25 | 451.13 | 1640.00 | (-)38.3 |
| Petroleum | 3.80 | 3.89 | 119.25 | (-)2.3 |
| Total | 901.74 | 870.35 | 3,811.75 | 3.6 |
Source: Controller General of Accounts
End
Reported by Shubham Rana
Edited by Avishek Dutta
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