Budget 2023: FM hikes capital expenditure outlay by 33% to ₹10 lakh cr for 2023-24
1 min read . Updated: 01 Feb 2023, 12:21 PM IST
Premium- In her budget speech, FM announced the increase of capital investments outlay by 33% to ₹10 lakh crore for 2023-24 compared to the outlay of ₹7.5 lakh crore for 2022-23.
Finance Minister Nirmala Sitharaman on Wednesday announced a capital expenditure outlay of ₹10 lakh crore for the financial year 2023-24. This would be a 33% increase from the CAPEX allocation announced in the previous budget.
In her budget speech, FM announced the increase of capital investments outlay by 33% to ₹10 lakh crore for 2023-24 compared to the outlay of ₹7.5 lakh crore for 2022-23.
She also announced the continuation of a 50-year interest-free loan to states for a year more.
Also, FM announced a capital outlay of ₹2.4 lakh crore provided for Railways which is the highest-ever allocation since 2013-14.
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