Last Updated: 28 September 2026
Capital expenditure, or capex, is the investment made by the government on the creation of assets that are long-term in nature and generate additional streams of revenue
-- Income-generating capital assets recover their costs over a period of time
AAP has increased the Capital Expenditure significantly
-- Avg ₹3,871 cr/year under Congress (2017-22) to ~₹7,180 cr/year in 4 years of AAP (2022-26)[1]
-- 2026-27 Budget: ₹18,381 crore capital outlay proposed (budget estimate; 76% more than 2025-26)[1:1]
The neglect by previous Govt has had lasting repercussions
-- Slowing progress and
-- limiting opportunities for our future generations
| Govt | 1st year | 2nd Year | 3rd year | 4th year | 5th Year |
|---|---|---|---|---|---|
| Congress | 2352 Cr[2] (2017-18) | 2412 Cr[2:1] (2018-19) | 2224 Cr[3] (2019-20) | 4382 Cr[4] (2020-21) | 8009 Cr[5] (2021-22) |
| AAP | 6667 Cr[6] (2022-23) | 4,743* Cr[7] (2023-24) | 6,876 Cr[1:2] (2024-25 Actual) | 10,434 Cr[1:3] (2025-26 RE) | 18,381 Cr[1:4] (2026-27 Budget Estimate) |
* Curtailed by Code of Conduct Lok Sabha Elections
| Party in Power | Time in Power | Total Expenditure |
|---|---|---|
| AAP | 2022-2026 (4 years) | Rs 28,720 crore[1:5]* |
| AAP incl. 2026-27 Budget | 2022-2027 (~5 years) | Rs 47,101 crore** (incl. ₹18,381 cr proposed for 2026-27)[1:6] |
| Congress | 2017-2022 | Rs 19,356 crore[8] |
| Akali | 2012-2017 | Rs 14,641 crore[8:1] |
REFERENCES:
* Sum of 2022-23, 2023-24, 2024-25 actuals & 2025-26 Revised Estimate (RE). Earlier Rs 19,810 crore for 2022-25 was based on 2024-25 RE[8:2]
** 2026-27 figure is a budget proposal, not actual spending
https://prsindia.org/budgets/states/punjab-budget-analysis-2026-27 ↩︎ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎
https://punjabassembly.nic.in/images/docs/AssemblyFiles/16/175/20240306/Documents/6 March 2024 PDF.pdf ↩︎ ↩︎
https://www.hindustantimes.com/cities/chandigarh-news/punjab-government-likely-to-miss-capex-target-only-32-achieved-so-far-101709405594271.html ↩︎
https://finance.punjab.gov.in/uploads/05Jul2022/c86fe66f-0a1c-4c34-9c07-6fd440b98816_20220705152110.pdf ↩︎
https://finance.punjab.gov.in/uploads/10Mar2023/Budget_At_A_Glance.pdf ↩︎
https://finance.punjab.gov.in/uploads/05Mar2024/Budget_At_A_Glance.pdf ↩︎
https://prsindia.org/files/budget/budget_state/punjab/2025/Punjab_Budget_Analysis_2025-26.pdf ↩︎
https://yespunjab.com/budget-reflects-govts-commitment-to-transform-punjab-harpal-cheema/ ↩︎ ↩︎ ↩︎
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