Centre will sustain capex: Expenditure secretary Manoj Govil
1 month, 3 weeks ago

Centre will sustain capex: Expenditure secretary Manoj Govil

Live Mint  

NEW DELHI : The central government will maintain its focus on capital expenditure in the final quarter of 2024-25, and the year ahead, despite a dip in the first half of the year, expenditure secretary Manoj Govil said on Monday. He said the central government remains committed to capital infrastructure spending, with grants-in-aid for capital assets set to rise to " ₹4.27 trillion in 2025-26 from about ₹2.99 trillion in the 2024-25 revised estimates, pushing the budget’s effective capital expenditure allocations to ₹15.5 trillion, up 17.4% from ₹13.2 trillion in the previous year." Government spending In 2023-24, capital expenditure by the Centre, Central Public Sector Enterprises, and state governments reached ₹17.35 trillion, or 5.87% of gross domestic product, marking an increase from ₹13.57 trillion, or 5.03% of GDP, in 2022-23, according to data from the finance ministry. According to the budget estimates for 2024-25, the Centre's capital expenditure plans stand at about ₹11.11 trillion, up from ₹10 trillion from the previous budget.

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