WB Budget's focus on revenue over capex signals poll-year populism: Experts

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WB Budget's focus on revenue over capex signals poll-year populism: Experts - Business Standard

Quick Summary:

The budget, tabled before the West Bengal assembly on Wednesday, proposed significant cash dole-outs under the revenue expenditure head, pegged at over Rs 30,000 crore higher in 2025-26 than the revised estimates of the current fiscal of 2024-25, but tendered an increase of less than Rs 12,000 crore under capital outlay for the same period.

The West Bengal government's budgetary proposals for a sharp increment in revenue expenditure coupled with a marginal rise in capital outlay for the 2025-26 fiscal look like one that has its eyes clearly set on the state elections due next year, experts said.

Revenue expenditures of an organisation are short-term expenses used to service its ongoing operational costs, including salaries of employees, overhead costs and financing welfare schemes, while capital expenditures (capex) are funds used for one-time creation of fixed assets that are expected to generate revenue over a longer period.