Govt may shift chunk of FY21 subsidy burden to next fiscal2 min read 22 Oct 2020, 02:00 PM IST
The Centre often rolls over subsidy bill to the next financial year to keep fiscal deficit in check. In FY19, the finance ministry had deferred payment of food subsidy bill of over ₹69,000 crore to meet the fiscal deficit target of 3.4% of GDP
NEW DELHI: The finance ministry may shift a chunk of its subsidy burden from this year to the next fiscal, a practice it discontinued in FY20, as it expects the subsidy bill to top the ₹2.3 trillion budgeted. The rise in overall subsidies is the likely result of free ration and gas cylinders provided to the poor as a response to the coronavirus pandemic.
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