of at least 15 percent in capital spending over this year's original target to underpin growth. But he was ready to provide for a rise of just about 6 percent from actual spending.
"You can provide money only if you have money," said a top official at the Finance Ministry.
As well as keeping a lid on expenditure, Chidambaram is expected to announce steps to maximise revenues through more efficient tax collection, fewer tax exemptions and higher proceeds from the partial privatisation of state-controlled companies.
But, wary of dealing another blow to investors' confidence, proposals for higher taxes on the super-rich that were floated early this year appear to have been ruled out.