Official knowledge reveals that the ministry of highway transport and highways is forward with about 84 % of the capex used. (Image: CNBCTV18.com)
Collectively, the 2 huge infrastructure ministries had been allotted Rs 5.2 lakh crore and have spent Rs 4.1 lakh crore, which is round 80% until the top of December
Two of the largest infrastructure ministries – highway transport and highways in addition to railways – have used greater than 75 % of the capital expenditure within the first 9 months of the present fiscal. The highway transport ministry is forward with about 84 % of the capex used, reveals official knowledge.
According to knowledge from the ministry, the railways, which received Rs 2.62 lakh crore for the continuing monetary yr, has spent Rs 1.95 lakh crore – about 75 % until the top of the third quarter.
Against an estimated expenditure of Rs 2.58 lakh crore for 2023-24, the ministry of highway transport and highways (MoRTH) has spent Rs 2.15 lakh crore (84 %) until December 2023. Collectively, the 2 ministries had been allotted Rs 5.2 lakh crore and have spent Rs 4.1 lakh crore, which is round 80 % until the top of December.
The ministry of finance has shared the annual capex targets and its achievement of choose central public sector enterprises (CPSE) with an annual capex goal of Rs 100 crore and above.
“Against the estimated expenditure of Rs 7.33 lakh crore (budget estimates), achievement is Rs 5.51 lakh crore (approx) – about 75.09% as on December 31, 2023. The same was Rs 4.50 lakh crore against the estimated capex of Rs 6.62 lakh crore – 67.99% – in the same period till December 2022,” the doc reads.
Capex utilisation until the third quarter was important as India could have the Lok Sabha elections by the top of the fourth quarter of the continuing monetary yr. The polls might be held round April-May, whereas the time period of the Lok Sabha is ending in May.
In the interim funds, introduced earlier this month, the finance ministry continued its deal with infrastructure improvement by setting apart a big sum of Rs 11,11,111 crore. The outlay for 2024-25 is 3.4 % of the GDP.
Among the ministries, the very best allocation is given to defence – Rs 6.2 lakh crore – adopted by MoRTH at Rs 2.78 lakh crore. The railways, on the third place, has received Rs 2.55 lakh crore allocation.
