Finance Minister Nirmala Sitharaman responded to the criticism of former Finance Minister P Chidambaram, stating that there has been no cut in the capex of the Central government.
Sitharaman mentioned that the claims about a cut in capital expenditure are misleading and based on flawed comparisons, as budget estimates naturally evolve into revised estimates based on various factors.
She highlighted that the capex numbers have increased year-on-year, with a rise from ₹10.01 lakh crore (BE 23-24) to ₹11.11 lakh crore (BE 24-25), indicating an 11.11% increase.
Sitharaman emphasized the increase in capex outlays by the central government since 2021, with a significant rise from ₹4.12 crore in FY21 to ₹11.2 lakh crore in FY26, and mentioned that the actual releases for SASCI in FY25 amount to ₹1,46,362 crore.