Press Information Bureau

Government of India

Ministry of Finance

22-May-2012 19:35 IST

Total subsidy payable in 2011-12 was estimated to Rs.2,16,297 crore in RE 2011-12 against Rs.57,125 crore incurred in 2006-2007, which was about 3.79 times of the expenditure incurred in 2006-2007.

The details of expenditure on subsidy in 2006-2007 and 2011-2012 (RE) are as follows:

(Rs. In crore)

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today.

DSM/HB

Subsidy obligations rise sharply, driven by larger food, fertilizer and petroleum subsidies, per revised budget estimates disclosure. Increase in central government subsidy payable is reported through a comparative sectoral breakdown showing marked rises in food, fertilizer and petroleum subsidies between the earlier actual year and the Revised Estimate year; the document presents component-wise figures and the aggregate total for the Revised Estimate year as a budgetary disclosure supplied in a parliamentary written reply.