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Centre eyes 95% of undershot capex target for FY25: Ajay Seth
Mint Mumbai
|November 21, 2024
The government's capital expenditure (capex) for FY25 is projected to align closely with last year's spending, at around 95% of the allocated target, though the target itself may be undershot, Ajay Seth, secretary of the department of economic affairs (DEA) said on Wednesday.
"On capex, there might be some undershooting, but spending will be more than last year. Last year, we spent 95% of the allotted capex, and this year it is likely to be the same—95% of the target," Seth said at a curtain raiser event for industry body FICCI's 97th AGM and Annual Convention. In FY24, the government spent 95% of the ₹10 trillion capex allocation, revised to about ₹9.50 trillion later. The spending came to ₹9.49 trillion.
This story is from the November 21, 2024 edition of Mint Mumbai.
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