Business Standard

States' capital budgets: Spending, classification can be variable exercise

Most of the other major states, including Gujarat, Uttar Pradesh, Karnataka, Kerala, Rajasthan, Telangana and Haryana, hew close to either extreme

cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings
Premium

In West Bengal, of the total projected Rs 2,886 crore the state plans to spend as capital investment for health, almost 40 per cent will be spent on medical education, training and research, clearly a revenue expenditure

Subhomoy Bhattacharjee New Delhi
States have begun to put serious money in their capital budgets but how much of that money is new and where does the spending go? India Ratings & Research data shows for FY24 nine major state governments plan to spend close to 26 per cent more than what they spent in FY23. As absolute numbers, these are big sums and bear examination. 

An analysis of the state budgets by Business Standard shows a large part of those capex numbers in key states are meant for construction of buildings. These are mostly for hospitals, schools or training institutions, particularly in eastern states.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 17 2023 | 5:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com