New Delhi: The Centre expects its fertilizer outlay for the current financial year (2023-24) to exceed the budget estimate of Rs 1.75 lakh crore, due to a rise in input costs as the war in Israel has once again led to a spike in commodity prices, which had settled lower two years after the war in Ukraine began.
With nearly seven months of the fiscal year gone, officials say they are comfortable with the Centre’s finances so far, and still remain confident that the fiscal deficit target of 5.9 per cent of nominal gross domestic product (GDP) for the year.
