Tamil Nadu’s capital expenditure (capex) increased by nearly 31.7% to ₹17,773.80 crore in the first half of fiscal 2023-24 from ₹13,499.24 crore in the same period last year, according to the unaudited provisional figures from the Comptroller and Auditor-General (CAG).
Capex is incurred by a State government to create fixed assets such as roads and bridges, irrigation structures, schools, hospitals and investments in Public Sector Undertakings. It helps in improving economic activity and creating jobs.
During April-September 2023, Tamil Nadu incurred 40.06% of the budgeted amount of ₹44,366 crore for 2023-24.
