Govt scales down disinvestment target to Rs 51,000 crore for 2023-24 in Budget

Disinvestment target of Rs 65,000 crore for the current fiscal, the government scaled down the target for 2023-24 to Rs 51,000 crore.

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New Delhi:  Having failed to meet the disinvestment target of Rs 65,000 crore for the current fiscal, the government on Wednesday scaled down the target for 2023-24 to Rs 51,000 crore.

The disinvestment target was announced by Finance Minister Nirmala Sitharaman while presenting the union budget on Wednesday.

For 2023-24, the budget has pegged disinvestment revenue at Rs 51,000 crore.

 
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In addition to this, around Rs 10,000 crore is expected to come from monetisation of government assets in the current year and well as in 2023-24.

The current financial year (2022-23) is the fourth year in a row that the government has missed the disinvestment target.

The government has managed to collect only Rs 31,100 crore through minority stake sale in state-owned PSUs, out of the Rs 65,000 crore disinvestment target for this fiscal.

(IANS)

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