The government’s subsidy expenditure on fertilisers, food and LPG could overshoot the Budget Estimates by a massive Rs 2 lakh crore or nearly 50%, unless the Strait of Hormuz disruptions are resolved without further delay, according to an internal analysis by the finance ministry. This estimate considers that even after the US and Iran reach a deal, it may take a few months for flow of cargo through the key waterway to fully normalise. On Sunday, US Secretary of State Marco Rubio said here that “there’s a chance of good news on the Strait of Hormuz in the next few hours,” closely following President Donald Trump’s statement that a deal would be announced soon.