Budget Buzz: Capital Expenditure Outlay In 2022-23 To Be 2.9% Of GDP

1 Feb 2022 , 02:27 PM

The Finance Minister stated that the outlay for capital expenditure in the Union Budget is once again being stepped up sharply by 35.4 per cent from Rs. 5.54 lakh crore in the current year to Rs. 7.50 lakh crore in 2022-23. This has increased to more than 2.2 times the expenditure of 2019-20. This outlay in 2022-23 will be 2.9 per cent of GDP. With Capital Expenditure taken together with provision made for creation of capital assets through Grants-In-Aid to States, the Effective Capital Expenditure of the Central Government is estimated at Rs. 10.68 lakh crore in 2022-23, which will be 4.1% of GDP, informed the Minister. The total expenditure in 2022-23 is estimated at Rs. 39.45 lakh crore, while the total receipts other than borrowings are estimated at Rs. 22.84 lakh crore. She further added that as against a total expenditure of Rs.34.83 lakh crore projected in the Budget Estimates 2021-22, the Revised Estimate is Rs. 37.70 lakh crore.

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