Government's subsidy burden likely to rise to Rs 4.2 lakh crore exceeding budget estimates in FY25: BoB report
New Delhi [India], January 24 (ANI): The subsidy burden of the government is expected to rise to approximately Rs 4.1-4.2 lakh crore in the financial year 2024-25 (FY25) more than the budget estimates, according to a report by the Bank of Baroda.
The report highlighted that this increase is driven primarily by higher expenses on food and fertilizer subsidies, which are expected to exceed the budgeted allocation.
It said,