‘We are raising over Rs 30,000 crore through off-budget financing to push capital expenditure in state’
With the state witnessing a rise in revenue expenditure and stagnation in capital expenditure that holds key to growth and achieving its target of a GDP of USD 1 trillion, Praveen Pardeshi, the first Chief Economic Advisor (CEA) to Maharashtra Chief Minister Devendra Fadnavis, said that the government has decided to fund capital expenditure through off-budget source of funding and has planned to raise and spend around Rs 30,000 crore on several key projects — completion of around 140 irrigation projects stalled over several decades; development of 7,000 km of concretised rural roads; and setting up sewage treatment plants across 490 small towns in the state — over the next two to five years.
As the state has appointed a CEA to the chief minister for the first time, Pardeshi said that his t...
