<p>With a steep decrease in food subsidy, the subsidy bill for the country will decrease by 22.48 per cent in 2020-21 fiscal from Rs 3.38 lakh crore to Rs 2.62 lakh crore.</p>.<p>In the Economic Survey, authored by Chief Economic Advisor Krishnamurthy Subramanian, there was a strong pitch for revision of the rates at which food grains are offered to the poor through fair price shops.</p>.<p><a href="https://www.deccanherald.com/union-budget-2020?_ga=2.84232025.1360367931.1580521242-1474932321.1580521241"><strong>Follow DH's Union Budget 2020 coverage here</strong></a></p>.<p>According to the budget documents, fertiliser subsidy too has decreased while the subsidy on petroleum has seen a rise.</p>.<p>In total, the previous budget has estimated Rs 3.38 lakh crore as the subsidy bill for 2019-20, while it was later revised to Rs 2.63 lakh crore. For the next fiscal, the government has not earmarked even revised estimates.</p>.<p>For food subsidy, the budget has allocated Rs 1.15 lakh crore, down from Rs 1.84 lakh crore provided in budget proposals which was later revised to Rs 1.08 lakh crore.</p>.<p>Fertiliser will cost the exchequer Rs 71,309 crore as against the allocation of Rs 79,996 in 2019-20. The actual spending in 2018-19 was Rs 70,604.80 crore. Of the Rs 71,309 crore, urea subsidy will be Rs 47,805 crore, which is a decrease from Rs 53,629 crore.</p>.<p>However, there is an increase in subsidy for petroleum products from Rs 37,478 crore to Rs 40,915.21 crore.</p>
<p>With a steep decrease in food subsidy, the subsidy bill for the country will decrease by 22.48 per cent in 2020-21 fiscal from Rs 3.38 lakh crore to Rs 2.62 lakh crore.</p>.<p>In the Economic Survey, authored by Chief Economic Advisor Krishnamurthy Subramanian, there was a strong pitch for revision of the rates at which food grains are offered to the poor through fair price shops.</p>.<p><a href="https://www.deccanherald.com/union-budget-2020?_ga=2.84232025.1360367931.1580521242-1474932321.1580521241"><strong>Follow DH's Union Budget 2020 coverage here</strong></a></p>.<p>According to the budget documents, fertiliser subsidy too has decreased while the subsidy on petroleum has seen a rise.</p>.<p>In total, the previous budget has estimated Rs 3.38 lakh crore as the subsidy bill for 2019-20, while it was later revised to Rs 2.63 lakh crore. For the next fiscal, the government has not earmarked even revised estimates.</p>.<p>For food subsidy, the budget has allocated Rs 1.15 lakh crore, down from Rs 1.84 lakh crore provided in budget proposals which was later revised to Rs 1.08 lakh crore.</p>.<p>Fertiliser will cost the exchequer Rs 71,309 crore as against the allocation of Rs 79,996 in 2019-20. The actual spending in 2018-19 was Rs 70,604.80 crore. Of the Rs 71,309 crore, urea subsidy will be Rs 47,805 crore, which is a decrease from Rs 53,629 crore.</p>.<p>However, there is an increase in subsidy for petroleum products from Rs 37,478 crore to Rs 40,915.21 crore.</p>
