Various subsidies will be reduced next fiscal year

As part of the budget for the current fiscal year 2016-2017 subsidized sector has been reduced to two thousand 903 crore. Subsidy budget allocation for the current fiscal year was 6 thousand 729 crore.According to the Ministry of Finance, 3 thousand 826 crore in the revised budget of the subsidies have been reduced. As a percentage of 11 percent. Due to the reduction of agricultural subsidies has reduced the amount of subsidy.According to sources, the budget for the current fiscal year wa 9 billion the amount of food subsidies. The revised budget has been reduced to six thousand crore. Similarly, the PDB has been reduced from 500 billion sector. Six billion in subsidies. Now it has been reduced to five and a half billion. Some sectors, however, increased the amount of subsidy. The budget includes food subsidies, as two thousand 820 crore. The revised budget has been increased to three thousand 717 crore.