FY14 Budget likely to see expenditure freeze

Feb 25 2013, 12:34 IST
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SummaryIn what would be a strong signal to markets and investors, the government is set to revise downwards the budgetary expenditure for 2012-13 by 9% to Rs 13.6 lakh crore from the initially estimated R14.9 lakh crore and peg the size of Budget 2013-14 at roughly the same level as the revised figure for this fiscal.

had been 56.8% of the BE or about R2.96 lakh crore. Non-Plan expenditure was 72% of BE at R6.95 lakh crore during the period.

A Prasanna of ICICI Securities said the slump in government spending is dampening public consumption adding this could impact third quarter growth.

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