Central Government Pension expenditure more than Salary Expenditure
The central government’s pension burden will be more than ten thousand crore rupees. According to the mid-term expenditure framework presented on Tuesday in the Lok Sabha, the government may have to face the same situation by March 2021. Subsidy and interest payments will also increase the pressure on the treasury.
It is estimated that the salaries of the Central Government will be 1.66 lakh crores this year. At the same time, pension expenditure is expected to increase from 1.45 lakh crores last year to 1.68 lakh crores this year. The Food Subsidy Bill is estimated to reach 1.69 lakh crore in the current financial year.