Budget 2019: Centre's capex projected to rise to Rs 3.38 trillion in FY20

So the heavy lifting in public investment has to be shouldered by the 257 operating central public sector enterprises

The government’s own capital expenditure (capex) is projected to rise a shade less than 7 per cent in 2019-20 (FY20) to Rs 3.38 trillion. As a percentage of the aggregate Budget expenditure, it is 12 per cent. It has not really moved from the level last year, but then a finding of resources for the now-expanded Pradhan Mantri Kisan Samman Nidhi and Ayushman Bharat, as well as the other new initiatives of the government, as expected, has cut the fiscal space for state financed capex. This means the bulk of public investment will have to depend on surplus, with state-run