Pen­sion to ex­ceed salary outgo in FY19

India Business Journal - - NEWS ROUND-UP -

The gov­ern­ment's outgo on pen­sion will sur­pass its salary bill by nearly Rs 10,000 crore in the cur­rent financial year, and the trend will con­tinue for two more years till March 2021. Ac­cord­ing to pro­jec­tions, the salary bill of the gov­ern­ment will go up from Rs 1.50 lakh

crore in last financial year to Rs 1.58 lakh crore this year. It will fur­ther rise to Rs 1.66 lakh crore in FY20 and Rs 1.74 lakh crore in FY21. But the pen­sion outgo will out­pace the salary ex­pen­di­ture, go­ing up from Rs 1.45 lakh crore in the last financial year to Rs 1.68 lakh crore in FY19.

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