Net capital formation increases 26.6% to Rs 89,834 cr: Media Report

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Net capital formation increases 26.6% to Rs 89,834 cr: Media Report
Net capital formation during the current fiscal is expected to increase by 26.6 per cent to Rs 89,834 crore, government data said as per the PTI report. Net capital formation, which means net addition to the stock of fixed assets of the goverment, stood at Rs 70,915 crore in 2012-13, as per Economic and Functional Classification of the Central Government Budget 2013-14 released yesterday.

This has been arrived at by deducting from gross capital formation, the provision of Rs 7,664 crore for expenditure on renewals and replacements by the departmental commercial undertakings, it said.

The net 'dis-savings' of the central government and its departmental undertakings were Rs 2,74,109 crore in 2011-12, Rs 2,61,823 crore in 2012-13 (Revised Estimates or RE) and are budgeted at Rs 2,11,255 crore in 2013-14.

The government's direct gross capital formation will increase from Rs 65,041 crore in 2011-12 to Rs 77,974 crore in 2012-13 (RE) and further to Rs 97,498 crore in 2013-14.

Dion Global Solutions Ltd.

Story first published: Thursday, February 13, 2014, 12:54 [IST]
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