Budget 2023: Handed its highest-ever allocation, Railways plans more lines, Vande Bharat factories
In line with the focus of the Budget, the Railways received its highest-ever allocation of Rs 2.4 lakh crore for 2023-24 — Rs 1 lakh crore higher than the previous year.
The Railways has kept a capital spend target of Rs 2.6 lakh crore for FY24.
In the Revised Estimates, Railways received Gross Budgetary Support of Rs 1.59 lakh crore from the Finance Ministry, which is over Rs 20,000 crore more than what was originally allocated in the last Budget. This figure is Rs 2.4 lakh crore for the next fiscal, a never-before jump in Gross Budgetary Support.
