CHANDIGARH:
The state government's spending on asset creation in the first eight months of the current fiscal year stood at ₹3,700 crore, which is 40% more than the capex of ₹2,646.91 crore during the corresponding period of the previous year, according to a comparative analysis of the data on key fiscal indicators released by the office of accountant general.
In 2022-23, capital expenditure was ₹2,641.45 crore between April and November. Capital expenditure, or capex, is the investment made by the government on the creation of assets that are long-term in nature, give a fillip to economic activity, and generate additional streams of revenue. Income-generating capital assets recover their costs over a period of time.
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