Pension to exceed salary outgo in FY19
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.