Govt projects 26% rise in capex over next two years

Framework forecasts revenue spending of Rs 20 lakh cr in 2018-19, Rs 22.05 lakh cr in 2019-20

The government has projected its revenue spending to go up 20 per cent, and capital spending nearly 26 per cent from 2017-18 to 2019-20, with an increase in the overall expenditure forecast at 21 per cent, according to the Finance Ministry’s medium-term expenditure framework tabled in Parliament on Thursday.

The framework forecasts a revenue spending of Rs 20 lakh crore in 2018-19 and Rs 22.05 lakh crore in 2019-20, compared to the budgeted estimates of Rs 18.37 lakh crore for 2017-18. 

Capital expenditure is forecast at Rs 3.41 lakh crore for 2018-19 and Rs 3.9 lakh crore in 2019-20 compared