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Interim Budget: Govt's subsidy burden may rise by about 12% to Rs 3.34 trn

Petroleum subsidy may soar to 50%; shortfall likely to be Rs 17,000 crore this year

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Budget 2019  |  Interim Budget 2019

Jyoti Mukul 

The government’s subsidy burden is expected to rise by about 12 per cent to Rs 3.34 trillion next year, primarily on account of a massive increase in petroleum subsidy that has risen by more than half.

The total revised subsidy estimate for the current financial year will increase by Rs 3,713.7 crore over the Budget subsidy provision, indicating some subsidy for this year (2018-19 or FY19) has been rolled over to the next year (2019-20 or FY20). Petroleum subsidy that goes into providing cheap liquefied petroleum gas (LPG) and kerosene for households is estimated to rise ...

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First Published: Fri, February 01 2019. 19:55 IST