Budget 2023: Food, fertiliser, petroleum subsidies up 17% to Rs 5.21 lakh crore this fiscal; to fall 28% in FY24

According to the Budget document, the government has pegged total subsidies on food, fertilisers and petroleum at Rs 5,21,584.71 crore in its revised estimate (RE) for 2022-23, as against the actual budget of Rs 4,46,149.24 crore in last fiscal year.

Budget 2023: Food, fertiliser, petroleum subsidies up 17%
In petroleum, subsidies are mainly provided on LPG. Pic: Reuters

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