CEA, Expenditure Secretary Back Budget Math, Stress Capex Push Amid Global Uncertainties
Budget
C
CNBC TV18•01-02-2026, 20:47
CEA, Expenditure Secretary Back Budget Math, Stress Capex Push Amid Global Uncertainties
- •Chief Economic Adviser Anantha Nageswaran affirmed the Union Budget 2026's conservative growth and revenue assumptions, stating the government is comfortable with the projections.
- •Nageswaran downplayed concerns about the upcoming CPI base year revision, expecting minimal impact (under 20 basis points) on inflation figures.
- •He highlighted the challenge of attracting global capital due to current uncertainties, noting that resolving tariff issues with the US could help.
- •Expenditure Secretary V. Vualnam reiterated capital spending as the government's top priority, with Railways, highways, and metros absorbing higher capex.
- •Vualnam stated that capex estimates are realistic and public investment has not peaked, hinting at potential private partnerships for railways and improved fertilizer subsidy administration.
Why It Matters: Government officials confirm Budget 2026's conservative estimates and strong focus on capital expenditure despite global headwinds.
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