Bigger capex push likely in Budget to support growth

The budget is likely to further strengthen the government's capital expenditure plan announced last year to support growth through greater spending and closer engagement with states, responding to the need for stimulus following the third Covid wave. The bolstered plan is likely to focus on convergence in capex by the Centre and the states as well as various ministries and departments, apart from a higher allocation to the capital budget, government sources told ET. The states could be offered a special financing window to support their capex. Options include schemes similar to an interest-free, 50-year loan programme or additional borrowing tied to capital expenditure, said an official.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/bigger-capex-push-likely-in-budget-to-support-growth/articleshow/88887465.cms