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The burden of subsidies

The trend rate of expenditure on subsidies in April-Nov 2018 indicates a higher spend than indicated in the revised estimates for 2018-19

Topics
Interim Budget 2019 | Interim Budget

A K Bhattacharya 



A K Bhattacharya

The government’s response to those who may be questioning some of the revised estimates for 2018-19 in the presented last Friday is that the finance ministry has access to information and data that gives it the confidence to put out those numbers. That should be a reassuring message. After all, these revised estimates are crucial to the government meeting its revised fiscal deficit target of 3.4 per cent of gross domestic product (GDP) for 2018-19.

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First Published: Sun, February 03 2019. 23:11 IST

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