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Page 18 - கிராமப்புற வளர்ச்சி அமைச்சகம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This is the highest capex ever over a 2-year period: T V Somanathan

Expenditure Secretary T.V. Somanathan said the government has been very careful and realistic in its expenditure and receipts projections for 2021-22, and that its push for capital expenditure is the largest ever over a two-year period. Excerpts: You have called it an expansionary budget, but overall spending is just about ₹33,000 crore in 2021-22 over this year’s revised estimates (RE). Also, what’s been the approach used for overall estimates? Yes, but the RE is substantially higher than the Budget Estimate (BE), which is contrary to expectations of most analysts and economists. So spending expanded this year and the expansion has been sustained into next year. As recently as two weeks ago, a lot of analysts were saying it will be about rs. 30-31 lakh crore. It might have looked more expansionary if we spent ₹30 lakh crore this year and then spent ₹34 lakh crore… but actually, spending around ₹34 lakh crore in both years is more expansionary.

Centre Allocates Rs 73K Cr to MGNREGA for Next Fiscal, 34% Less Than Revised Estimate of FY 21

»Centre Allocates Rs 73K Cr to MGNREGA for Next Fiscal, 34% Less Than Revised Estimate of FY 21 1-MIN READ Centre Allocates Rs 73K Cr to MGNREGA for Next Fiscal, 34% Less Than Revised Estimate of FY 21 The Budget was presented on a tablet instead of the Bahi Khaata used last year. (Image Credit: Twitter/ ANI) The Centre had allocated Rs 40,000 crore to MGNREGA as part of the Pradhan Mantri Garib Kalyan Yojana. FOLLOW US ON: The Centre has allocated Rs 73,000 crore to the rural employment guarantee programme MGNREGA for the next fiscal 2021-22, substantially lower than the actual expenditure of Rs 1.11 lakh crore in the current fiscal which included an additional Rs 40,000 crore for the scheme given by the government in the wake of the pandemic s impact on the economy.

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