Quick Summary
On Tuesday, Finance Minister Nirmala Sitharaman firmly responded to former Finance Minister P. Chidambaram's criticism regarding capital expenditure (capex), stating that there has been no reduction in the central government's capex. Sitharaman explained that the actual release under the Scheme for Special Assistance to States for Capital Investment (SASCI) in FY25 is now close to the budgeted Rs 1.5 lakh crore, exceeding the revised estimate of Rs 1.25 lakh crore. No Cuts, Only Standard Revi
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FAQ :
Yes, Finance Minister Nirmala Sitharaman firmly stated that there has been no reduction in the central government's capital expenditure.
She described the accusations of a Rs 92,682 crore cut as 'misleading' and based on 'flawed comparisons', explaining they are standard revisions.
Revisions occur as Budget Estimates evolve into Revised Estimates during the financial year, taking into account expenditure trends, emerging priorities, election-related factors, weather events, and state spending.
Yes, the Finance Minister highlighted that capital expenditure has increased year-on-year, with Budget Estimates for FY24-25 showing an 11.11% rise from the previous year.
The actual release under SASCI in FY25 was close to Rs 1.5 lakh crore, exceeding the revised estimate of Rs 1.25 lakh crore.
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