Union Finance Minister Nirmala Sitharaman on Wednesday said the central government is ensuring that the public expenditure continues to grow to have a desired multiplier effect on all the sectors as per the directions set by Prime Minister Narendra Modi. During the post-Budget session of PHD Chamber of Commerce and Industry (PHDCCI), the Union finance minister explained, “For the last 3-4 years, there has been a consistent emphasis on public capital expenditure, such as in last year’s budget, and this year’s Budget has seen a 30 per cent increase in capital expenditure. This is the first time in many years that the capital expenditure has reached a double-digit amount, making it the clear focus of this Budget.”
The Union Finance Minister also stated that capital expenditure has the potential to benefit a range of core industries, making it an effective way to ensure that money is directed to the right places and generate
