Government Cuts Expenditure Amid Covid-19 Wave

The Central government’s fiscal response to the second wave of Covid-19 has been tepid so far

The Central government’s fiscal response to the second wave of Covid-19 has been tepid so far

In April 2021, it spent ` 2.26 lakh crore, only 6.5 per cent of its annual budgeted expenditure of ` 34.8 lakh crore. This was 26.2 per cent less than the ` 3.07 lakh crore it had spent in April 2020

Capital expenditure, however, rose 40 per cent from ` 28,300 crore to ` 47,100 crore