March Spending Push Helps Centre Meet Revised Capex Target

A late-year spending push helped nan Centre meet its revised superior expenditure target of Rs 10.18 lakh crore for fiscal 2024-25, elder authorities officials person told Business Today TV.

The erstwhile fiscal twelvemonth had begun astatine a cautious pace, arsenic money disbursals were affected by nan exemplary codification of behaviour that was put successful spot during nan Lok Sabha elections. Capital spending gained important momentum only successful nan 2nd half of nan fiscal.

Sources bespeak nan Centre whitethorn person ended nan fiscal twelvemonth pinch capex supra nan revised target. The Budget Estimate for 2024-25 capex was pegged astatine Rs 11.11 lakh crore initially, it was revised later.

This recalibration comes alongside a sharper fiscal shortage target of 4.8% of GDP, compared to past year’s 4.9%. The authorities is aiming for an moreover little shortage of 4.4% successful nan existent fiscal year. 

For nan first 11 months of fiscal 2024-25, nan centre had only spent Rs 8.12 lakh crore successful capex, which meant that March spending would person been higher than Rs 2 lakh crore. 

On asking if authorities would trim down its FY26 target owing to nan world headwinds, nan charismatic shared that finance is simply a large motor of home maturation and is improbable going to beryllium impacted by nan world situation. Hence, authorities is apt to enactment connected its target of 11.21 lakh crore for FY26 capex. 

Published on: Apr 23, 2025 6:38 PM IST