Union Budget 2022 : Increased Spending For FY22 & FY23 - Mansukh Securities & Finance Ltd
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FISCAL DEFICIT FOR FY22 IN LINE WITH ESTIMATES R
Revised fiscal deficit for FY22 at 6.9% as compared to budget estimates of 6.8%, Slippage in line with estimates
SECTOR : Banking & Economy
INCREASED SPENDING FOR FY22 & FY23.
Total expenditure for FY22 will be higher by 6.5% as compared to Budget estimates at Rs. 34.8 lakh Cr. Budgeted spending for FY23 at Rs. 39.5 lakh Cr, an increase of 6.4% over FY22RE
SECTOR : Economy
INCREASED ALLOCATION TO CAPITAL EXPENDITURE
Significant increase in capital outlay by 35.4% YoY to Rs. 75 lakh Cr. for FY23
SECTOR : Infrastructure & Capital Goods
* PLIIN SOLAR PV MODULE MANUFACTURING
Additional allocation of Rs 19.500 Cr for PLI in Solar PV Module Manufacturing
SECTOR : Renewable Energy
* ALLOCATION FOR AFFORDABLE HOUSING
Rs. 48,000 Cr will be allocated in FY23 for housing projects, 80 Lakhs home will be built
SECTOR : Real Estate
* ALLOCATION FOR DRINKING / TAP WATER
Rs 60,000 Cr allocated to cover 3.8Cr households for tap water
SECTOR : Pipe Manufacturers
ANNOUNCEMENT FOR ROAD SECTOR
The National Highway network will be expanded by 25,000 kms in 2022-23
SECTOR : Road Construction
* 100 CARGO TERMINAL
100 Gat Shakti Cargo terminals to be developed in the next 3 years
SECTOR : Logistics
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