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Capital expenditure 2023-24
August 19 , 2023
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- Tamil Nadu’s capital expenditure increased by about 31% to Rs. 5,196.21 crore in the first quarter of 2023-24.
- This was Rs.3,976.45 crore in the same period last year.
- However, Tamil Nadu’s share in aggregate capex among 20 States went down to 5% in the first quarter of 2024 from 6.7% in first quarter of 2023.
- Capital expenditure is incurred by State governments to create fixed assets such as roads and bridges, irrigation structures, schools, hospitals and investments made in public sector undertakings.
- It helps to improve economic activity and create jobs.
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