THE CENTRE'S FOOD subsidy outlay will likely be pegged at ₹2.3 trillion in the Budget Estimate (BE) for the next financial year, sources told FE. The revised estimate (RE) for FY24 is likely to see food subsidy rise by ₹17,000 crore to ₹2.14 trillion due to sharp increases in the minimum support prices (MSP) for key crops, FE reported last week.
"The food subsidy BE for FY25 is likely to be around 7% higher than the FY24RE," a senior official told FE. The subsidy estimate for the next financial year has broadly factored in a likely increase in MSP and other incremental expenditures. The hike in food subsidy in the current financial year will unlikely affect the Centre's aim of containing the fiscal deficit at 5.9% of GDP despite the expected shortfall in disinvestment receipts thanks to healthy tax and non-tax revenues.
Diese Geschichte stammt aus der November 20, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der November 20, 2023-Ausgabe von Financial Express Mumbai.
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