FM asks ministries to frontload capital expenditure

Finance Minister Nirmala Sitharaman on Tuesday asked the ministries and respective departments to make efforts to frontload capital expenditure.

The minister held a virtual meeting with senior government officials to discuss the infrastructure roadmap ahead. This was the sixth review meeting by the Finance Minister with ministries and departments on the infrastructure roadmap.

While reviewing the progress, the Finance Minister asked the Ministry of Housing and Urban Affairs to expedite the capital expenditure and make efforts for frontloading it, said an official statement, adding that the Steel Ministry was asked to frontload capex and facilitate private investment by providing support and removing bottlenecks.

Similarly, Sitharaman also asked the Ministry of Petroleum and Natural Gas to expedite monetisation of assets during FY 2021-22.

The Department of Space on the other hand was asked to focus on domestic procurement wherever possible.

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