Government subsidy burden to exceed budget, likely to hit Rs 4.2 lakh crore: Report – The Times of India
NEW DELHI: The government’s subsidy burden is expected to exceed budget estimates, swelling to almost Rs 4.1 to Rs 4.2 lakh crore for the financial year 2024-25 (FY25). A report by the Bank of Baroda revealed that the increase is primarily to higher expenses on food and fertiliser subsidies, which are likely to overburden the…