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Centre will maintain its focus on capex: Expenditure secretary Govil
Mint Hyderabad
|February 04, 2025
The government will maintain its focus on capital expenditure in the final quarter of 2024-25, and the year ahead, despite a dip in the first half of the year, expenditure secretary Manoj Govil said on Monday.
States will also increase their borrowing under the Centre's Special Assistance for Capital Investment scheme, potentially exceeding the limits set in the revised estimates, he added.
Speaking to Mint, Govil said while states have borrowed about ₹1.09 trillion till January from the Centre under the scheme, which provides 50-year interest-free loans, they could exceed the budgeted estimates of ₹1.25 trillion in the fiscal year.
"We want states to spend more, and states are spending more as well (on capital expenditure)," Govil added.
यह कहानी Mint Hyderabad के February 04, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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