‘Government to sustain capex despite West Asia crisis’
Despite potential West Asia conflict-induced fiscal strain, the government is committed to prioritizing capital expenditure. Expenditure Secretary Vumlunmang Vualnam affirmed that the entire public spending allocation will be utilized, with a strong focus on highways, railways, shipping, ports, and urban development. This year's budgeted capital expenditure stands at Rs 12.2 lakh crore.
Despite potential West Asia conflict-induced fiscal strain, the government is committed to prioritizing capital expenditure. Expenditure Secretary Vumlunmang Vualnam affirmed that the entire public spending allocation will be utilized, with a strong focus on highways, railways, shipping, ports, and urban development. This year's budgeted capital expenditure stands at Rs 12.2 lakh crore.
