Covid-19 influence: Govt capital expenditure declines 41% in September

2020/10 16 20:10

Hit laborious on the income entrance by the pandemic-induced financial slowdown, the federal government put a squeeze on capital expenditure, which declined 39 per cent within the second quarter (Q2). Specialists have now forged doubts over the federal government’s capacity to satisfy its budgeted goal for capex this fiscal 12 months, regardless that the finance ministry lately introduced further spending of Rs 25,000 crore.

The capex decline within the first half of FY21 was 27 per cent. A backward calculation means that capex declined by 41 per cent in September, after a 21 per cent contraction in …




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First Revealed: Sat, October 17 2020. 01:37 IST




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