Government subsidy burden to exceed budget, likely to hit Rs 4.2 lakh crore: Report
The government's subsidy burden for FY25 is projected to exceed budget estimates, reaching nearly Rs 4.1 to Rs 4.2 lakh crore due to higher food and fertiliser costs. Despite efforts to rationalise subsidies, fertiliser subsidies alone may exceed budget due to increased import costs and a stronger US dollar.
The government's subsidy burden for FY25 is projected to exceed budget estimates, reaching nearly Rs 4.1 to Rs 4.2 lakh crore due to higher food and fertiliser costs. Despite efforts to rationalise subsidies, fertiliser subsidies alone may exceed budget due to increased import costs and a stronger US dollar.
