The total expenditure of the Centre is expected to reach around Rs 26 lakh crore in 2019-20 from Rs 21.46 lakh crore for the current fiscal, while its capital expenditure or capex is likely to rise by 25 per cent to Rs 3.9 lakh crore by 2019-20, a Finance Ministry document said on Thursday.
“Together with revenue expenditure, the Government’s total spending is projected to rise from Rs 21.46l crore in 2017-18 to Rs 23.4l crore in the next financial year and Rs 25.95l crore in 2019-20,” it said.
Defence, which accounts for about 30 per cent of the capital outlay, will see the spending rise from Rs 91,580 crore in the current fiscal to Rs 1,01,137 crore in the next one and Rs 1,11,706 crore in 2019-20, which is 22 per cent jump.
As per the Government’s Mid-Year Review tabled in Parliament on Thursday, the Centre has budgeted for Rs 3,09,801 crore as capex during the current fiscal to Rs 3,41,000 crore in 2018-19, and to Rs 3,90,000 crore in 2019-20.