Union Budget 2023: Capital expenditure to be hiked by 33% to Rs 10 trillion

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The Centre will hike the capital expenditure (capex) outlay for 2023-24 by 33 per cent to Rs 10 trillion, Finance Minister Nirmala Sithraman said on Wednesday. In her Budget 2023 speech, she also said that the outlay for the PM Awas Yojana will be hiked by 66 per cent to Rs 79,000 crore. 

The Centre has also identified 100 critical transport infrastructure projects for implementation. 

This is the highest outlay for capex ever. In FY23, the capex outlay was Rs 7.5 trillion. The new outlay will amount to 3.3 per cent of the gross domestic product (GDP). 

Ranen Banerjee,