Posts
Upcoming Union Budget
2016-17 will likely come good on Finance Minister Arun Jaitley's
promise to continue the central government's public spending push, with capital
expenditure for the next year expected to come close to Rs 3 lakh crore for the
first time ever.
At a time when private sector balance
sheets are stretched and banks burdened with non-performing assets, Jaitley had
stated the centre's commitment to boost public spending in infrastructure as an
impetus for growth. For 2015-16, the Finance Minister had budgeted Rs 2.41 lakh
crore in total capital expenditure (including loan disbursements), about Rs
49,053 crore or 25.5% higher than the 2014-15 revised estimates of about Rs
1.92 lakh crore.
Next year too, a similar push is expected
as the India
Budget 2016-17 budgeted capital expenditure could be around 20-25%
higher than this year, Business Standard has learnt. Compared to the budgeted
figures available, that comes to around 2.90-3.02 lakh crore.
No comments:
Post a Comment