Context:
The National Statistics Office (NSO) is set to release the results of the first private sector capital expenditure (capex) survey in March, as the government nudges the private sector to ramp up investments to drive economic growth.
Highlights:
- The National Statistics Office (NSO) will release the first results from its private sector capital expenditure (capex) survey in March.
- Track survey annual private-sector capex-through-the-collection of projected investments capital expenditure for the two coming years, three years back.
- This survey employs the database of the Ministry of Corporate Affairs.
Private-Sector Capital Expenditure
- Capital Expenditure is a permanent investment made by a company into fixed physical assets for the operation.
- This would include a move in operation or expansion.
- The acquisition of new machinery, the construction or renovation of buildings, vehicles, software systems, or research and development on new intellectual property are some of the examples.
- While RevEx is immediately deductible from taxable income, CapEx isn’t.
