Union Finance Minister Nirmala Sitharaman said that the government proposed to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore in 2024-25. Capital Expenditure or capex is used to set up long-term physical or fixed assets. 

The interim budget will take care of the financial needs of the intervening period until a new government is formed after the Lok Sabha polls. A full budget will subsequently be presented by the new government in July.