23-July-2026
Economy News
 
High fertiliser prices, govt’s spent 40% of budgeted urea subsidy
22-Jul-2026

The government has spent over Rs 70,000 crore in the current fiscal so far under fertiliser subsidies which is 40% of the budget estimate of Rs 1.77 lakh crore because of rise in global prices of soil nutrients since the West Asia war, the government stated in Rajya Sabha on Tuesday. Sources told FE that while actual subsidy incurred in FY26 was Rs 2.17 lakh crore against revised estimate of Rs 1.86 lakh crore, actual subsidy outgo is likely to be higher in the current fiscal because of elevated global prices levels of soil nutrients.

News Source:- https://www.financialexpress.com/policy/economy/high-fertiliser-prices-govts-spent-40-of-budgeted-urea-subsidy/4298483/?ref=economy_hp