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Budget 2016: Enhanced capital spending in offing

Upcoming Union Budget 2016-17 will likely come good on Finance Minister Arun Jaitley's promise to continue the central government's public spending push, with capital expenditure for the next year expected to come close to Rs 3 lakh crore for the first time ever.<br>

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Budget 2016: Enhanced capital spending in offing

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  1. Budget 2016: Enhanced capital spending in offing Upcoming Union Budget 2016-17 will likely come good on Finance Minister Arun Jaitley's promise to continue the central government's public spending push, with capital expenditure for the next year expected to come close to Rs 3 lakh crore for the first time ever. At a time when private sector balance sheets are stretched and banks burdened with non-performing assets, Jaitley had stated the centre's commitment to boost public spending in infrastructure as an impetus for growth. For 2015-16, the Finance Minister had budgeted Rs 2.41 lakh crore in total capital expenditure (including loan disbursements), about Rs 49,053 crore or 25.5% higher than the 2014-15 revised estimates of about Rs 1.92 lakh crore. Next year too, a similar push is expected as the India Budget 2016-17 budgeted capital expenditure could be around 20-25% higher than this year, Business Standard has learnt. Compared to the budgeted figures available, that comes to around 2.90-3.02 lakh crore.

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