37.4% INCREASE IN CAPITAL EXPENDITURE TO 10 LAKH CRORE IN BE 2023-24

REVENUE EXPENDITURE TO GROW BY 1.2 % AT Rs. 35.02 LAKH CRORE IN 2023-24
Rs. 45.03 LAKH CRORE TO BE THE TOTAL EXPENDITURE IN 2023-24; INCREASE OF 7.5% OVER 2022-23

30% INCREASE IN FINACIAL ASSISTANCE TO STATES AT RS. 1.30 LAKH CRORE FOR CAPEX


“Investments in infrastructure and Productive capacity have a large multiplier impact on growth and employment” said the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman in Parliament today while presenting the Union Budget 2023-24.

Capital Investment as a driver of growth and jobs

To ramp the virtuous cycle of Investment and job creation the budget took lead again by steeply increasing the capital expenditure outlay by 37.4 % in BE 2023-24 to whooping Rs.10 lakh crore over Rs. 7.28 lakh crore in RE 2022-23.



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