Budget 2023: FM Sitharaman raises capex spend to Rs 10 trillion

FM Nirmala Sitharaman said the increased capex for infrastructure development is 10.4 billion rupees, or 3.3% of the GDP.

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She stated that the recently created infrastructure finance secretariat will help to increase private investment.

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Capital expenditures are funds used by the government to construct buildings, machinery, equipment, schools, and other infrastructure.

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The 33% year-over-year growth is just just less than the 35% increase from the previous year.

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The government will also continue a 1.3 trillion rupees long-term loan to states for longer term investments.

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