HaryanaandPunjabhave been slow in making in the first half of 2022-23, with Haryana spending 15% of its budget estimates for the financial year and Punjab just 17.3% of its budget estimates.
Haryana had spent 40% on capital expenditure in the first half of the last financial year, while Punjab spent 23.4% andHimachal Pradesh28.2% . The study conducted by SBI’s research team has found that Uttarakhand (19.7%), Rajasthan (24%) and Telangana (26.5%) are also in the same category.
The study has also found that Himachal Pradesh spent 38% of the budget estimates on Capital Formation in the first half of this financial year.
Among the 19 states selected, Kerala spent the highest amount of 43.4% of its budget estimates on the capital expenditure in the first half, followed by poll-bound Gujarat (39.8%),Madhya Pradesh(39.1%), Himachal Pradesh (38.4%) andTamil Nadu(38.3%).