If you're looking at the total, then you're right, but if you're looking at the interchangeability between capital and operating, the story might be different. We recall that one of the arguments that presented in favour of integration is that capital and operating expenditure, rather than being discrete, often are substitutes for one another. More of one can mean less of the other. More of one can be more of the other. So however you do it, sir, it is important to view capital and operating expenditure in tandem with one another. You are building the road, you're opening a hospital, you are expanding the school network, and that entails operating costs downstream. It is important to see the connections between the two budgets. The connections are what I'm worried about, rather than simply the averages.
On April 25th, 2012. See this statement in context.