Study the following information carefully and answer the questions given below:
The Government has decided to continue providing subsidy to consumers for cooking gas for three more years. This is not good news from the point of view of reining in the fiscal deficit. Mounting subvention for subsidies means diversion of savings by the government from investment to consumption, raising the cost of capital in the process. The Government must cut expenditure on subsidies to create more fiscal space for investments in both physical and social infrastructure. It should outline a plan for comprehensive reform in major subsidies including petroleum, food and fertilizers and set a final deadline.