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Economy & finance

Capital expenditure

Government spending that creates lasting assets, such as roads, railways and power lines, as opposed to revenue expenditure on salaries, interest and subsidies.

Related termsFiscal deficitUnion Budget

“Capital expenditure” in our stories

EconomyIndia

How the Union Budget works

What the Constitution calls the “annual financial statement”, how Parliament approves the spending, and the words — fiscal deficit, guillotine, vote on account — that come with it.

·Rational Times Explainers·2 min read