The Central government may not expand its capital expenditure (capex) for the next fiscal year (FY24) to as large a degree as the increase in the previous two Budgets in the belief that private-sector capex is recovering strongly.
For this fiscal year (FY23), the 2022 Union Budget had targeted a capex outlay of ₹7.5 trillion, which is 35.4 percent higher than the FY22 Budget Estimate (BE) of ₹5.54 trillion. And that, in turn, is higher than the FY21 BE of ₹4.12 trillion by 34.5 percent (see chart).
Capex expansion in the Union Budget 2023 could be around 25 percent, Business Standard has learnt. This would take the capex outlay for next year to around ₹9.5 trillion. Even a capex outlay of 10 trillion, if that comes to pass, would be less than the increase in the two preceding years. Union Finance Minister Nirmala Sitharaman will present the Budget on February 1.
Bu hikaye Business Standard dergisinin January 06, 2023 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin January 06, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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