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Govt spent 80% of revised FY24 capex outlay
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government has spent 80% of its revised FY24 budgetary allocation for capital expenditure and 79% of revenue spending until January, a senior official said on Monday, exuding confidence that the revised fiscal deficit target of 5.8% of gross domestic product (GDP) will be met this financial year. In the revised estimate for FY24, the government pegged its budgetary capex outlay at ₹9.5 lakh crore and revenue spending at ₹35.4 lakh crore.
The official said the collections under various small savings scheme remain healthy this fiscal and will be in sync with the revised estimate. The net mop-up for senior citizens breached ₹90,000 crore as of end-January this fiscal, way above that of ₹37,362 crore in the whole of FY23.
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