Capex Target For FY26 Pegged At Rs 11.21 Lakh Cr

New Delhi: Having missed the target for the current financial year, Finance Minister Nirmala Sitharaman on Saturday proposed to spend Rs11.21 lakh crore towards capital expenditure (capex) for FY26.

However, the capex target is going to be missed by about 93,000 crore for the current financial year. Against the Budget estimates of Rs11.11 lakh crore for capex, the government is expected to spend Rs10.18 lakh crore in Revised Estimates for FY25.

“The Revised Estimate of the total receipts other than borrowings is Rs31.47 lakh crore, of which the net tax receipts are Rs25.57 lakh crore. The Revised Estimate of the total expenditure is Rs47.16 lakh crore, of which the capital expenditure is about Rs10.18 lakh crore (FY25),” she said while presenting the Union Budget for FY26.

The shortfall in capex is attributed to 2024 being an election year resulting in no activity for 2-3 months. So, there was limited activity for one quarter due to this. The government had hiked capex by 37.5 per cent to Rs10 lakh crore for FY24.