Here is a snip picked from Economic Times
We seem to creating a ruckus about 27 Cr that Mayawati is planning to waste & nothing about the 10,000+ Crores that the Delhi Govt is planning to waste?
Tuesday, August 04, 2009
Wednesday, July 15, 2009
If the 6.8% Fiscal deficit was not bad news enough, here is something more to be worried about.An analysis of the Plan-Capital Expenditure from the 1995-1996 budget to the 2009-2010 budget shows that the government is spending a smaller percentage of its total spending on creating new "infrastructure" ( Capex in the Plan). The capital expenditure portion of the planned expenditure has dropped from about 10% in the pre 2004 period to about 4.5% now ( Yellow line) . And we are blaming the world economy for India's slowdown ?
And look at the hockey stick in blue ( Total expenditure). Insolvency in the offing ?
Here is the table
|Year||Plan - Capital Expenditure||Total Expenditure||Plan Capex as % of Total|