Acknowledging that elections and delay in approval of Budget has hindered the progress of capital expenditure, Chief Minister Siddaramaiah, who also holds Finance portfolio, on Monday directed the officials to spend ₹54,374 crore that has been allocated as capital expenditure for 2023-2024 by February.
“A sum of ₹46,955 crore allocated for capital expenditure during the previous year and this year it has been increased to ₹54,374 crore. Since this money will help in creation of public assets, it has to be ensure that it should be used judiciously,” the Chief Minister told officials during a review of capital expenditure programmes of different departments here. He said that though the capital expenditure has been delayed, it has to be spent as per the fixed target.
