Since 2018-19, the actual expenditure on asset generation has consistently fallen short of Budget Estimates. On average, J&K has only managed to spend 40 per cent of its projected capital expenditure. For example, the UT projected 41,335 crore in capex for 2022-23, but the actual spending was ₹14,666 crore.
Similarly, in FY22, it budgeted nearly 40,000 crore but ended up spending only ₹15,309 crore.
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