 "fertiliser")
The Centre’s fertiliser subsidy burden for the current financial year (FY22) is set to rise even further as commodity prices remain high due to the ongoing Russia-Ukraine war. The fertiliser subsidy bill for FY22 had been already revised to Rs 1.4 trillion from a budgeted Rs 79,530 crore.
“Our fertiliser burden for the year will rise. We see it rising by Rs 10,000-15,000 crore or even more,” a top official said.
Provided all other FY22 Revised Estimate (RE) assumptions remain the same, an additional fertiliser subsidy outlay of Rs 15,000 crore would not impact the fiscal deficit as the RE
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