Finance Ministry cuts August 2022 spend: Efficiency or compression?

The centre saved around Rs 10,000 crore through SNA last fiscal year

Even as the Centre faces a much higher spending burden than it did last year, especially on food and fertiliser subsidies, the Union Ministry of Finance’s Expenditure Department seems to have held back spending in August.
 

However, analysts say this is not compression per se, and the Centre is ensuring that the funds released are spent before further money is allocated.
 

According to the data released by the Controller General of Accounts last week, revenue (or administrative) expenditure in August was Rs 61,103 crore, some 51 per cent lower than the Rs 1.24 trillion spent in the same month last