New Delhi: Minister of Finance Nirmala Sitharaman can raise the budget allocation for the highway sector by 35% to RS 1.
8 lakh Crore in 2022-23 because he signed a boost for capital expenses, especially for infrastructure creation, in an effort to lively economy.
At the same time, this center is expected to reduce the NHAI loan limit to RS 20,000-25,000 Crore against the current ceiling until the 65,000 crore Hospital from internal and extra-budget resources (IraB) and bodies, raises around Rs 40,000 Crore.
This year.
Sources say the government is likely to allocate more budgets than the provision of more loans by the Highway Authority, which has faced a large debt burden.
Nhai’s debt is around Rs 3.
4 Lakh Crore until December and almost maintains total debt spent in land acquisition.
“There is a high possibility that the government will provide more funds from the cat instead of allowing NHAI to raise more debt, which is expensive in the long run,” said a source to Ti.
Capital expenses have become a big boost for the Modi government this year and are expected to maintain that focus, hoping it will produce demand for cement, steel and related products, while also using capacity in the factory and creating jobs.
Among the infrastructure space, the streets have led shopping, with additional funds expected to be allocated in revised estimates, taking allocations for the current year of RS 1.
2 lakh crore to RS1.
35 lakh crore.
Going with estimates, investment in the highway sector has risen almost four times over the past seven years – from RS 51,000 Crore to around Rs 2 Lakh Crore in 2021-22.
Government expenditure has also risen more than four times during this period – from RS 24,000 Crore to Rs 1 Lakh Crore.
Investment in the road sector has a multiplier effect on the economy by creating job opportunities.