The correct answer is: d) All of the above.
Capital expenditure is the spending of money on assets that will last for more than one year. This includes things like infrastructure, machinery, and equipment. The Odisha government’s focus on capital expenditure aims to create long-term assets, boost economic activity, and reduce revenue deficit.
Creating long-term assets is important because it helps to improve the state’s infrastructure and economy. For example, building new roads and bridges can help to improve transportation and make it easier for businesses to operate. Investing in education and healthcare can also help to improve the quality of life for residents and attract new businesses.
Boosting economic activity is also important because it can help to create jobs and generate tax revenue. When businesses are doing well, they are more likely to hire new employees and pay more taxes. This can help to improve the state’s economy and make it a more attractive place to live and work.
Reducing revenue deficit is also important because it can help to improve the state’s finances. When the government spends more money than it takes in, it has to borrow money to make up the difference. This can lead to debt problems and make it difficult for the government to provide essential services.
Overall, the Odisha government’s focus on capital expenditure is a positive development that can help to improve the state’s infrastructure, economy, and finances.