New Delhi, May 1 -- Expenditure Secretary V Vulanam on Friday said the fiscal stress arising from liquefied petroleum gas (LPG) dependence is a reality, but the government will preserve its capital expenditure at the budgeted Rs 12.2 lakh crore in Financial Year 2027 (FY27).
Secretary's assurance comes even as energy-linked pressures and global uncertainty weigh on public finances.
Amid the Iran war crisis, India's reliance on LPG imports exposes the fiscal position to global price volatility and supply risks.
A significant share routed through the Strait of Hormuz increases vulnerability to geopolitical disruptions, which can raise subsidy outgo and strain government finances.
Speaking at the ICPP Growth Conference, V Vulanam said, "Fi...