Govt makes highest-ever expenditure cut of Rs 1.4 trillion for FY19

The compression, comprising cuts and rollovers, represented almost double of what was done in the previous year, and around 6 per cent of the amount pegged in the RE

The government has resorted to an unprecedented expenditure cut of Rs 1.45 trillion for the financial year 2018-19 (FY19) to meet its fiscal deficit target of 3.4 per cent of the gross domestic product, official data shows.

It should be noted that expenditure cut here denotes the difference between provisional spending figures at the end of March and the Revised Estimates (RE) for FY19, and not the difference between Budget and Revised Estimates.

The compression, comprising cuts and rollovers, represented almost double of what was done in the previous year, and around 6 per cent of the amount pegged in