Finance Minister Nirmala Sitharaman underscores the significance of capital expenditure in the FY25 interim budget, citing its economic multiplier effect. She highlights a 17% increase in capex outlay to ₹11.11 lakh crore, exceeding nominal GDP growth. Sitharaman asserts that robust capital spending drives infrastructure development, boosts employment, and enhances living standards. The Rajya Sabha passes key financial bills, affirming the government s fiscal course correction post-pandemic, without compromising welfare spending.
According to Sharma, the capex outlay in the Interim Budget will need to be reduced to meet the fiscal-deficit target, which will affect largecaps the most
As per the Interim Budget the defence ministry has been given the highest allocation of Rs 6.1 lakh crore and agriculture ministry has been given lowest allocation of Rs 1.27 lakh crore, , Interim Budget 2024-25, agriculture ministry
The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls. A full budget will be presented by the new government, , Interim Budget 2024-25, nirmala sitharaman