Budget 2023: Taking the knife to food, fertiliser subsidies

The subsidy bill had risen in FY23 from a budgeted Rs 3.17 lakh crore due to a rise in global commodity prices and the extension of the free food programme. FY24 fiscal deficit is seen at 5.9% of the GDP against 6.4% estimated in the current fiscal.

Budget 2023: Taking the knife to food, fertiliser subsidies
The subsidy bill had risen in FY23 from a budgeted Rs 3.17 lakh crore due to a rise in global commodity prices and the extension of the free food programme. FY24 fiscal deficit is seen at 5.9% of the GDP against 6.4% estimated in the current fiscal.