Data Alert
Apr-Jul major subsidies at 1.256 trln rupees, dn 11% YoY
This story was originally published at 12:01 IST on 31 August 2024
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NEW DELHI – The government's expenditure on major subsidies in Apr-Jul fell 10.9% on year to 1.256 trln rupees, data from the Controller General of Accounts showed. This was due to a sharp on-year fall in fertiliser subsidy, and a slowdown in the pace of food subsidy outlay.
The expenditure accounted for 33% of the Budget estimate of 3.812 trln rupees for 2024-25 (Apr-Mar), compared to 38% in the same period of the last financial year.
The expenditure on fertiliser subsidies was down 40.0% on year at 432.15 bln rupees in Apr-Jul. The food subsidy bill was 788.97 bln rupees, up 15.2% against Apr-Jul a year ago. Food subsidy spending had grown at a pace of nearly 50% in the first three months of the current financial year.
Petroleum subsidy grew over seven times from the same period a year ago, but the absolute number remained within budgeted outlays.
The following table details major subsidies in Apr-Jul (in bln rupees):
| Apr-Jun 2024-25 | Apr-Jun 2023-24 | Budget Estimates | Year-on-year % change | |
| Food | 788.97 | 684.94 | 2052.50 | 15.2 |
| Fertiliser | 432.15 | 720.35 | 1640.00 | (-)40.0 |
| Petroleum | 35.27 | 4.66 | 119.25 | 656.4 |
| Total | 1,256.39 | 1,409.96 | 3,811.75 | (-)10.9 |
Source: Controller General of Accounts
End
Reported by Aaryan Khanna
Edited by Avishek Dutta
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