Government raises spending target, focuses on capex and fiscal discipline
after close1 source ↓written by the desknot a recommendation
- for the next
- ₹53.47 lakh crore
- from the current
- 7.7% increase
- at a record
- ₹12.2 lakh crore
- effective capex reaching
- ₹17.1 lakh crore
The government has set a total expenditure target of ₹53.47 lakh crore for the next fiscal year, a 7.7% increase from the current year. Capital expenditure is projected at a record ₹12.2 lakh crore, with effective capex reaching ₹17.1 lakh crore. This budget emphasizes fiscal discipline and support for key sectors like healthcare and agriculture.
The focus on debt reduction and increased capital spending may boost market sentiment, particularly in infrastructure and construction sectors.
Not investment advice. For informational purposes only.