Informist, Monday, Jul 1, 2024
NEW DELHI – The government's expenditure on major subsidies in Apr-May declined 1.1% on year to 546.877 bln rupees due to lower spending towards fertiliser subsidy, data from the Controller General of Accounts showed. The expenditure accounted for 14% of the Interim Budget target of 3.812 trln rupees for 2024-25 (Apr-Mar).
The fertiliser subsidy bill fell 34.6% to 160.261 bln rupees in the first two months of the current fiscal year. On the other hand, the food subsidy bill rose 25.1% to 385.391 bln rupees in the same period.
This year's Budget estimate for expenditure on major subsidies is down 7.8% from 2023-24's revised estimate of 4.135 trln rupees.
| April-May 2024-25 | April-May 2023-24 | Budget Estimate 2024-25 | Year-on-year % change | |
| Food | 385.391 | 308.052 | 2052.5 | 25.11 |
| Fertiliser | 160.261 | 245.111 | 1640 | (-)34.62 |
| Petroleum | 1.225 | 0 | 119.25 | -- |
| Total | 546.877 | 553.163 | 3811.75 | -1.14 |
End
Reported by Krity Ambey
Edited by Aditya Sakorkar
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