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Officials recommend subsidy cuts to expand fiscal room: reports

Jan 31, 2020 17:48 IST

The Finance Ministry has recommended that the government may have to cut some subsidies and reallocate spending to sectors where it can help spur demand in the economy, according to a Bloomberg report. Rationalization of subsidies such as on food allowances could be a key tool for expanding fiscal headroom, the report added. The government has already cut spending limits available to ministries and departments amid the crunch in revenue.

 

Economy