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The coming Union Budget
2016-17 will likely come good on Finance Minister Arun Jaitley’s
promise to continue the government’s public spending push, with capital
expenditure (capex) for the next year expected to come close to Rs 3 lakh crore
for the first time.
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 spending in infrastructure as an
impetus for growth. For 2015-16, the finance minister had budgeted Rs 2.41 lakh
crore in total capex (including loan disbursements), about Rs 49,053 crore, or
25.5 per cent, higher than the 2014-15 revised estimates of about Rs 1.92 lakh
crore.
Read More News: Budget 2016 Union
Budget 2016-17
Next year too, a similar push is expected
as the India
Budget 2016-17 budgeted capex could be around 20-25 per cent higher
than this year. Compared to the budgeted figures available, that comes to
around Rs 2.90-3.02 lakh crore.
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