Govt spending grows 53% YoY in February, but it s still not enough
The monthly growth was primarily led by 61.3 per cent increase in revenue expenditure as capex spends deaccelerated to nearly 17 per cent during the month versus a huge y-o-y jump of 335.1 per cent in the previous month
Niti Kiran | April 1, 2021 | Updated 17:31 IST
With this robust spending, total expenditure during Apr-Feb 21 rose to 14.3 per cent, y-o-y, against 11 per cent until Jan 21
The centre has stepped up spending further in the eleventh month of fiscal 2021. Government expenditure grew almost 53 per cent in February on a year-on-year (y-o-y) basis compared to a 49 per cent growth in January. This was by far the highest monthly growth in the financial year 2021 on a yearly basis. It was primarily led by 61.3 per cent increase in revenue expenditure as capex spends deaccelerated to nearly 17 per cent during the month versus a huge y-o-y jump of 335.1 per cent in the previous month.