Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan

To compensate for impact of over Rs 1.5 trn on account of measures announced to rein in inflation, including cut in fuel prices and Customs duty exemption: Somanathan

The central government will make every effort to cut revenue expenditure to compensate for the impact of over Rs 1.5 trillion on account of measures announced to rein in inflation, including a cut in fuel prices and Customs duty exemption, Finance Secretary T V Somanathan said on Tuesday.

“We will make every effort to cut revenue expenditure as it is necessary after the excise duty cut and some exemption on Customs duty. We are looking at a total impact of over Rs 1.5 trillion for all of them put together. There will have to be some adjustments made if we have