Mumbai, Feb. 4 -- The new budget prioritises non-inflationary growth through careful fiscal management, with the government's entire borrowing channelled exclusively into capital expenditure. When we show the numbers, there is nothing hidden elsewhere. Our entire borrowings are going into CAPEX - nothing could be better than this. It's a non-inflationary budget. The capital expenditure programme of Rs 15.48 lakh crores for fiscal year 2025-26 includes Rs 11.21 lakh crores in direct central government spending and Rs 4.27 lakh crores in grants to states for capital projects. This approach marks a significant shift from traditional patterns where government borrowing often funded revenue expenditure. The government has exceeded its fiscal con...