The finance ministry on February 1 allocated the highest ever budgetary support of Rs 83,016 crore to the highways sector under the interim budget for 2019-20.
“Infrastructure is the backbone of any nation’s development and quality of life. Whether it is highways or railways or airways or even digi-ways, we have gone beyond incremental growth to attain transformative achievements,” interim finance minister, Piyush Goyal said while presenting the budget.
The amount was up by 5.58 percent against the previous year’s budgetary allocation of Rs 78,625.5 crore (revised estimate). The allocation made by the government is the expected estimates for the year, a full year and exact budget for 2019-20 would be presented by the new government in June-July.
This budget is Modi government’s last budget before the country votes a new government to power during the Lok Sabha election due around April-May 2019.