Centre likely to save over Rs 70,000 crore on expenditure in FY25

FinMin has parked Rs 62K cr towards "new schemes" with the DEA, most of which is expected to go unspent with only two and half months left in FY25

The government may save over Rs 70,000 crore on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.

 

In the FY25 Budget, the government announced three employment-linked incentive (ELI) schemes with an annual allocation of Rs 10,000 crore.

 

The skill ministry was tasked with implementing the plan to upgrade 1,000 ITIs with an outlay of Rs 1,000 crore for the current financial year. However, these schemes are yet to see the light of the day.

 

The finance ministry also parked Rs 62,000 crore towards “new schemes” with the Department of Economic