In Federal Budget 2022-23, Government has allocated Rs____ billion for subsidies.

A. Rs359 billion

B. Rs421 billion

C. Rs585 billion

D. Rs699 billion

Detail: 

The government on June 10, 2022 announced it had allocated Rs699 billion in the federal budget 2022-23 for subsidies to provide relief to the people. Around 92 per cent of the allocated amount will be spent on fuel and electricity subsidies, the documents show. The figure represents a slight increase from the Rs682bn allocated to this head last year.