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Budget Allocation for Infrastructure
The allocation for the Ministry of Road Transport and
Highways has seen a 68% increase with ₹1,99,107.71 crore
set aside for it in the Union Budget 2023.
The hike of ₹81,006 crore for the Ministry has been almost
entirely earmarked for investments in NHAI, which has seen a
133% increase from ₹57,350 crore in last year’s Budget to
₹1,34,015 crore this year.
The Minister also said the government will also finalise its plan
for expressways in 2022-2023 under the PM Gati Shakti
programme..
Continued…
Since COVID has tempered private sector appetite for buying out
large
infra assets, sector analysts had estimated that gross budgetary
support
towards the infrastructure sector had to increase by 15-20 percent
with
focus on roads, railways.
The budgetary allocation to the newly set-up development finance
institution – National Bank for Financing Infrastructure and
Development.
The Finance Minister said that the national highway network will
be
expanded by 25,000 km in 2022 - 2023 and Rs 20,000 crore in
funds
will be mobilised in addition to budgetary resources.
THANK YOU

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yy.pptx

  • 1. Budget Allocation for Infrastructure The allocation for the Ministry of Road Transport and Highways has seen a 68% increase with ₹1,99,107.71 crore set aside for it in the Union Budget 2023. The hike of ₹81,006 crore for the Ministry has been almost entirely earmarked for investments in NHAI, which has seen a 133% increase from ₹57,350 crore in last year’s Budget to ₹1,34,015 crore this year. The Minister also said the government will also finalise its plan for expressways in 2022-2023 under the PM Gati Shakti programme..
  • 2. Continued… Since COVID has tempered private sector appetite for buying out large infra assets, sector analysts had estimated that gross budgetary support towards the infrastructure sector had to increase by 15-20 percent with focus on roads, railways. The budgetary allocation to the newly set-up development finance institution – National Bank for Financing Infrastructure and Development. The Finance Minister said that the national highway network will be expanded by 25,000 km in 2022 - 2023 and Rs 20,000 crore in funds will be mobilised in addition to budgetary resources.