Subsidies for food, fertilizer and fuel announced in the Interim Budget today for the coming financial year is slightly more than the revised estimates for 2013-14. The Finance Minister, Shri P. Chidambram presenting the Budget in the Parliament today said Rs. 65,000 crores is provided for fuel subsidy. He said Rs. 115,000 crore has been allocated for food subsidy keeping in mind UPA Government’s firm and irrevocable committement to implement the National Food Security Act throughout the country.

Food subsidy commitment reinforced in budget allocations, tied to implementation of the National Food Security Act. Budgetary allocations raise provisioning for food, fertilizer and fuel subsidies slightly above prior revised estimates; the statement records dedicated funding for food subsidy and frames these outlays as part of a continued commitment to implement the National Food Security Act across the country.