Current level of capex sustainable, says financial secretary

Indicating a continued push for public spending, finance secretary T V Somanathan on Thursday said current level of capital expenditure was "highly sustainable" and asserted that the Centre was on course to meet the spending and fiscal deficit targets for current financial year. While Somanathan refused to give any guidance on whether the government intends to increase the level of capex, he said he did not expect government agencies to be unable to use the fund allocated for them.

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