BUSINESS NEWS

State capital expenditure 284 percent in the first half report telangana ahead uttar pradesh behind

Written by admin

State capital expenditure 284 percent in the first half report telangana ahead uttar pradesh behind

Mumbai, Nov 25 (PTI) Telangana and Kerala are at the forefront of capital expenditure in the first half of the current financial year, while Uttar Pradesh and Maharashtra could not spend even a fifth of their budgets during this period.

Credit rating company Care Ratings has made this claim in a report prepared on the basis of data. According to this, due to the poor performance of the big states of Uttar Pradesh and Maharashtra, the total capital expenditure by the states in the first half came down to 28.4 percent.

For the financial year 2021-22, the central government had projected capital expenditure of Rs 5.54 lakh crore, which included Rs 40,374 crore loan given to the states. Thus, the direct capital expenditure in the current financial year was to be Rs 5.13 lakh crore. But out of this, the central government has been able to spend only Rs 2.09 lakh crore in the first six months. This is about 41 per cent of the total capital expenditure as against 56 per cent in the same period of 2020-21.

CARE Ratings Chief Economist Madan Sabnavis said 24 states had proposed a total capital expenditure of Rs 5,76,181 crore for this fiscal, but only 28.4 per cent of it has been spent in the April-September period. West Bengal, Assam and Arunachal Pradesh have not made their figures public.

Uttar Pradesh has spent the maximum amount of Rs 23,803 crore but it is only 20.8 per cent of its capital expenditure estimate. Maharashtra too has been able to spend only Rs 8,454 crore out of its budget estimate of Rs 59,139 crore.

See also  Paytm raises Rs 8,235 cr from anchor investors - paytm raises Rs 8235 cr from anchor investors

On the other hand, the performance of smaller states like Telangana and Kerala is far better. Telangana spent 51.9 per cent of its capital in the first half of the financial year 2021-22 itself.

Madhya Pradesh (46.5 per cent) and Rajasthan (40.5 per cent) also did better in terms of capital expenditure in the first half.

#State #capital #expenditure #percent #report #telangana #ahead #uttar #pradesh

About the author

admin

Leave a Comment

close
%d bloggers like this: