Finance Minister Nirmala Sitharaman is currently presenting the Union Budget 2024 in Parliament. She opened her speech by emphasising that India’s economic growth remains robust despite the persistent policy uncertainty in the global economy.
Talking about infrastructure, Sitharaman announced a capital expenditure of Rs 11.11 lakh crore to support the development of infrastructure over the next five years, same as the allocation announced in the Interim Budget earlier this year. Infrastructure is one of the nine priorities of the Union Budget the FM announced today.
“The government endeavours to maintain strong fiscal support for infrastructure over the next 5 years. Capital expenditure to be Rs 11,11 lakh crore at 3.4% of our GDP,” she said in her speech.
Coming to Bihar, she announced an investment of Rs 26,000 crore for highway projects in Bihar.