The gross additional spending would be matched by savings of ₹43,618 crore by ministries and departments or by enhanced receipts and recoveries, and hence not impact the fiscal deficit.
"We don't see this additional expenditure as posing a risk to the achievement of the fiscal deficit target, given the expectations of capex undershooting the budgeted amount by at least ₹1 trillion," said Aditi Nayar, chief economist, ICRA.
This story is from the December 13, 2024 edition of Business Standard.
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This story is from the December 13, 2024 edition of Business Standard.
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