Subsidy outgo for FY26 first 11 months at 91% of year's target
new delhi, May 7 -- The government's subsidy spending reached 91% of the revised estimate for FY26 in the first 11 months, highlighting sustained strain from welfare commitments that is unlikely to ease soon, as the West Asia war fuels cost pressures in the economy.
According to the department of expenditure data reviewed by Mint, total spending on major subsidies, including food and fertilizers was at Rs.3.89 trillion during April-February, against the revised estimate of Rs.4.29 trillion. The department is still collating the final month's figure.
The spending for the same period FY25 was Rs.3.63 trillion.
Despite higher subsidy spending, the fiscal deficit moderated to Rs.12.52 trillion during April-February FY26, lower than the Rs.13.46...
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