Only 80.6% spent till February, govt likely to miss capex target

Despite the government prioritising capital expenditure (capex)-led economic recovery, the Centre is likely to have missed the capex target for the fiscal year that ended on March 31, with only 80.6 per cent of the Rs 6-trillion allocation spent by February, Controller General of Accounts data showed.

While monthly capex spending peaked to Rs 1.2 trillion in December, it has drastically fallen in subsequent months with expenditure of only Rs 43,495 crore in February.  

The finance ministry has been pushing ministries and departments to meet their capex targets. This is with the belief that higher capex by the government will crowd in