Budget 2023: Budget of expectations for Railways, even this ministry is not behind in spending money

In this budget, the two ministries of the Central Government, the Ministry of Railways and the Ministry of Road Transport and Highways can get a big gift. Finance Minister Nirmala Sitharaman can decide to increase the annual budget received by these two departments in her budget.

Union Finance Minister Nirmala Sitharaman will present the country's general budget on February 1. The discussion about the last budget of the second term of the Modi government also intensified. If experts are to be believed, in this budget, the Finance Minister can make fresh efforts for capital expenditure. In particular, more attention can be given to areas like railways and roads and the funds available for the same can also be increased.

According to experts, the central government wants to ensure that the impact of global adverse conditions on the Indian economy is minimal. Apart from this, it is also expected to increase investment in the private sector, especially in terms of infrastructure, the government is already ahead. On the one hand, while the eyes of the world are focused on the ongoing war between Russia and Ukraine for the last one year, the Government of India is also thinking that it should have minimum impact on its economy. This is the reason why some other sectors including railways can be further boosted.

These ministries are at the forefront of expenditure

The recent data released by the Accounts and Controller General of India has shown that the Ministry of Road Transport and Railways has already done 80 percent of the allotted budget. For example, the Ministry of Road Transport and Highways has spent Rs 1.5 lakh crore of the capex budget during April-November, which is 80 percent of the fund allocation received in 2022-23. Similarly, the Railways, which was lagging behind for the last several years, has funded more than Rs 1.1 lakh crore, which is 84 per cent of its annual allocation.

Both the ministries can get a big gift

These figures show that these departments may need more funds for development works. Government sources told that in the budget both these ministries can get more funds than before. Because there are many projects which will continue to run in the coming years as well. Apart from this, the government is also working on promoting the energy sector. In such a situation, these sectors will get a boost with maximum funds in this budget, as well as the country's economy will also get strengthened.