Monday, December 23, 2024 | 05:11 PM ISTEN Hindi

Home / Economy / News / Govt may roll over Rs 62,000 cr in fuel, fertiliser subsidies to FY21

Govt may roll over Rs 62,000 cr in fuel, fertiliser subsidies to FY21

The measure has been necessitated because the Centre anticipates a shortfall in tax revenues this year

Premium

Arup Roychoudhury Shine Jacob New Delhi

3 min read Last Updated : Jun 21 2019 | 7:56 PM IST

In a bid to meet the challenging fiscal deficit target of 3.4 per cent of gross domestic product (GDP) for 2019-20, the Narendra Modi government could leave as much as Rs 62,000 crore in fuel and fertiliser subsidy arrears unpaid and roll over that amount to FY21, officials involved in the making of the Budget said.

The measure has been necessitated because the Centre anticipates a shortfall in tax revenues this year, and expenditure commitments will certainly go up as the ruling Bharatiya Janata Party seeks to fulfil some of the welfare promises made in its 2019 election manifesto.

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in