The previous budget for 2022-23 had allotted Rs 7.50 lakh crore as capital expenditure, which was a 35.4 per cent jump over 2021-22.
The government has released a total of Rs 36,656 crore under its scheme ‘Special Assistance to States for Capital Investment 2022-23’ for April-November in FY23.
Revenue deficits of these 18 states have narrowed to a low Rs 30,000 crore in the first half of the current fiscal from Rs 1.3 lakh crore in the corresponding period in FY22.
Amid curbs on their borrowing, several states find it hard to rev up their capital expenditure, and the numbers available for the first six months of 2022–23 tell us a story.
Capital expenditure during the April-Sept 2022 period reached Rs 3.42 lakh cr compared to Rs 2.29 lakh cr in the corresponding period last year.
Capex in the first quarter was Rs 1.75 lakh crore compared to Rs 1.11 lakh crore in the same quarter the previous fiscal
The company's capital expenditure rose to Rs 3,034 crores during the April-June quarter, as compared to Rs 1,841 crores in the same period last year.
Capital expenditure of Rs 17,949 crore was 11.48 per cent lower than Rs 20,277 crore in 2019-20
Funds released to States under the scheme are considered as 50-year interest-free loan.