Government’s developmental expenditure reaches INR 90 trillion

An additional INR 1.48 trillion will be paid by 2026: Ministry of Finance

April 11, 2022

The total expenditure on free food grain, cash allowances to women, PM-Kisan, and other cash transfers is about INR 2.25 trillion

The amount spent on developmental expenditure includes infrastructure creation, subsidies, and affordable housing over the last eight years

The developmental investment put out by the current government is in addition to the amount paid between 2014 and 22 on repaying the UPA-era oil debts

The collections from the fuel tax have been put to good use as developmental expenditure

PM Modi calls for inclusive growth at ECOSOC meet

The Government of India has spent INR 90.9 trillion between 2014 and 2022 on developmental expenditure, according to the latest data released by The Reserve Bank of India (RBI)—India’s central bank. 

Finance minister Nirmala Sitharaman said that the amount spent on developmental expenditure included infrastructure creation, subsidies, and affordable housing over the last eight years.

The Ministry of Finance mentioned that the current government has already spent INR 24.85 trillion on food, fuel, and fertilizer subsidies, as well as INR 26.3 trillion on capital creation. It also stated that the total developmental expenditure incurred by the United Progressive Alliance (UPA) government from 2004 to 2014 was INR 49.2 trillion. In comparison between the two, that is an increase of almost 185%.

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