Posted 2/3/2024, 10:43:01 PM
Budget Aims for Growth Through Public Spending Boost and Housing Support While Maintaining Fiscal Prudence
- Budget focuses on macroeconomic stability and 11%+ increase in public capex to sustain growth rate without needing private investment
- Additional 1.3 lakh crore allocated to states for capex, though with potentially different conditions than previous years
- New moderate housing scheme planned for middle class through cheaper loans and priority sector lending
- Tax revenue buoyancy and expenditure undershooting helped fiscal situation this year
- Overall non-tax revenue expected to increase next year, though not specifically RBI dividends