Budget 2022: Capex Sees Sharp Rise By 35.4% To Rs 7.50 Lakh Crore

The union budget for 2022-23 has stepped up the capital expenditure sharply by 35.4 per cent to Rs 7.50 lakh crore.

Finance minister Nirmala Sitharaman said that effective capital expenditure of the central government is estimated at Rs 10.68 lakh crore in 2022-23, which is about 4.1 per cent of GDP.

Presenting the budget in Parliament, Ms Sitharaman said, "Allocation of Rs 1 lakh crore to assist the state government to accelerate overall investments in the economy in 2022-23."

The public capital expenditure increased sharply by 35.4 per cent to 7.50 lakh crore in 2022-23 from Rs 5.54 lakh crore, she added.