A bird’s eye view of the Centre’s capex efforts3 min read . Updated: 06 Feb 2023, 12:57 AM IST
The share of capex in the Centre’s total expenditure is slated to increase from 12.5% in 2019-20 to 22.2% in 2023-24
Even as the Centre allocates a greater share of its budget towards creating new assets, another story is playing out in another part of its sprawling empire. In the backdrop of challenging economic conditions, the set of 389 public sector undertakings (PSUs) owned and managed by the Centre are shrinking back on new investments. As a result, the primary government engine of capital expenditure is now the central government itself.
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