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Key FactsCrucial Figures for Union Budget 2025
Feb 1, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: deccanchronicle.com
  • Finance Minister Nirmala Sitharaman will present her 8th consecutive Budget, focusing on potential tax relief for the middle class.

  • The fiscal deficit for the financial year 2024-25 is estimated at 4.9 percent of GDP, with a target of 4.5 percent for FY26.

  • Gross tax revenue is projected at Rs 38.40 lakh crore, with GST collections expected to rise by 11 percent to Rs 10.62 lakh crore.

  • The Budget will also emphasize spending on key programs such as NREGA, as well as health and education sectors.