Budget 2022: Government may reduce the subsidy for the next financial year, know here what is the preparation of the Center

Posted on 17th Jan 2022 06:45 pm by rohit kumar

The central government is actively considering reducing its overall subsidy bill in 2022-23. The government is likely to keep food and fertilizer subsidies at Rs 2.60 lakh crore and Rs 90,000 crore, respectively, in its upcoming Budget 2022. This will be lower than the revised estimates for FY 2022. This has been estimated in a report released in this regard.

 

 

Budget to be presented on February 1

The total subsidy bill for the current fiscal is expected to be around Rs 5.35 to 5.45 lakh crore, which the government wants to reduce in the next fiscal, the report said. Significantly, the upcoming general budget will be presented on February 1, 2022. Union Finance Minister Nirmala Sitharaman will make budget announcements in Parliament at 11 am to give impetus to the economy affected by Corona. Assembly elections are going to be held in five states of the country soon after the general budget of this time. In such a situation, there is every possibility of this budget being popular.

 

 

Estimation of PM Garib Kalyan Anna Yojana

Quoting an official, the report said the revised estimates for the food subsidy bill for the current fiscal are expected to be around Rs 3.90 lakh crore, up from Rs 2.43 lakh crore made in the budget. But it is less than Rs 4.22 lakh crore of FY 2021. Apart from this, according to the report, the total cost of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for the financial year 2022 is estimated to be Rs 1.47 lakh crore.

Other news

Shraddha murder: Aftab was sent to judicial custody for 14 days, produced in court through video conferencing

Aftab Amin Poonawalla, accused of murdering his live-in partner Shraddha Walker, currently lodged

Indian Navy: Two Indian Navy ships arrived in Vietnam, and relations between the two countries will be strengthened

Two Indian Navy ships Shivalik and Kamorta arrived in Ho Chi Minh City, Vietnam for bilateral def

Waris Punjab's Mukhi Amritpal's U-turn: said- did not threaten Amit Shah, agencies can get me killed; Congress MP said – the child got scared

Waris Punjab De chief brother Amritpal Singh has taken a U-turn on his statement threatening Amit

'No one can stop the implementation of CAA', Amit Shah challenges Mamata Banerjee, says - CM is misleading the public

Amit Shah on CAA. BJP has geared up for the upcoming Lok Sabha elections. Whereas BJP has set a t

UP Board: The negligence of the principals will be heavy on the initiative to bring the results to the examinees.

The negligence of the principals will be heavy on the initiative of the UP Board to deliver the r

Modi-Shah will also campaign for Shiv Sena in Lok Sabha elections, a list of star campaigners released

Lok Sabha Election 2024. All political parties are continuously releasing the list of their candi

Corona Updates: 56,017 patients were found in the country in 24 hours, 656 deaths; 71% active cases in 5 states including Kerala and Maharashtra

In the last 24 hours, 56,017 new cases of corona infection were found in the country, 1.49 lakh p

HIV-Hepatitis Patients Using As Weapon? Sick prisoners are being recruited in Putin's private army

President Vladimir Putin would not have expected the kind of resistance Russia is facing in the U

Manipur Violence: Akshay Kumar and Richa Chadha on nude video of two women 'shaken by Manipur violence'

Bollywood actors Akshay Kumar, Richa Chadha, and Renuka Sahane are among the first celebrities to

World's biggest naval exercise: 26 countries including India-USA will be involved, preparing to end China's dominance

26 countries including India and America are going to conduct the world's largest naval exercise.