Expenditure on education, nutrition is a great investment: Rajan
Rajan says allocating benefits for the poorest households is not a bad investment
Rajan says allocating benefits for the poorest households is not a bad investment
India's expenditure on Central schemes in FY23 rose from budgeted ₹16.2 lakh crore to ₹18.6 lakh crore.
In FY23, the expenditure on schemes is projected to increase by ₹13,437 crore as compared to revised estimates of FY22.
House panel finds that too much additional mid-year spending compromises the sanctity of Budget numbers.
Centre's capex is flagging, general government expenditure is falling and fresh investment is drying up.
Former finance secretary Subhash Garg points out that even though the fiscal deficit widened to 9.5% last year, it was not fresh expenditure.