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Centre may slash capex to bankroll stimulus package

city New Delhi covid-19 2020 economy Government
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NEW DELHI : The Union government is planning to slash this year’s budgeted capital expenditure of ₹4.1 trillion to create space for a stimulus package and finance covid-19 related requirements, as it tries not to expand the fiscal deficit too much amid shrinking revenues. “The current year is an extraordinary year from both revenue and expenditure standpoint.

Our immediate focus will be to provide for health-related expenses, including relief to the poor and the needy. Capital expenditure has to be reduced substantially depending on the unfolding revenue situation," a finance ministry official said on the condition of anonymity.

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United States
United States
Cases: 46 252 513
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India
India
Cases: 34 321 025
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Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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