Overall government capex surge by 57% during April-June 2022

Of the Rs.7.5 trillion capital expenditure (capex) budgeted for 2022-23, the government spent more than Rs.1.8 trillion during April-June 2022, as per a report in Hindu Businessline. This is over 23 per cent of the budget estimate against 20 per cent during the corresponding period of last fiscal. The overall government capital expenditure witnessed a growth of 57 per cent during the first three months of the fiscal. Among key infrastructure sectors, capital expenditure on roads witnessed a growth of 72 per cent to more than Rs.807.2 billion, while capex was Rs.461.2 billion on railways, showing a growth of 80.1 per cent. The capital outlay on defence services saw a 20 per cent growth and it touched around Rs.248 billion. However, the housing sector witnessed decline in capex by 49.5 per cent during April-June 2022 as compared to capex incurred during the same period a year ago.

1. https://www.thehindubusinessline.com/economy/in-the-april-june-quarter-govt-capex-increased-by-72-in-the-road-sector-and-by-80-in-railway/article65706277.ece