Tamil Nadu has incurred a capital expenditure of ₹9,955 crore so far in 2023-24 (till August 2024), a reduction of 7.37% in the comparable period in 2022-23, according to a review of the trends in receipts and expenditure in relation to the Budget estimates for 2023-24, presented by Finance Minister Thangam Thennarasu in the Assembly on Wednesday.
The State had provided ₹44,366 crore for capital expenditure in the Budget estimates for 2023-24, and spent 22.44% of the budgeted amount till August.
The reduction in capital expenditure was due to the government’s efforts to achieve just-in-time fund release, such that surplus funds do not lie idle with the implementing agencies. The numbers reflected the real capital expenditure in the State, Mr. Thennarasu said.
