Budget 2025: Quick guide on how to read and understand the Budget
Union Budget 2025: A comprehensive blueprint detailing the government's projected income and expenditure for a fiscal year, the Union Budget spans from April 1 to March 31 of the following year. This financial roadmap plays a crucial role in outlining the nation's economic priorities and resource allocations.
To enhance accessibility and understanding, a user-friendly guide for interpreting the Budget document is readily available. Following the finance minister's budget speech in the Lok Sabha, these critical documents are swiftly published on the official website, ensuring rapid and widespread dissemination of essential financial information.
The upcoming Budget scheduled for February 2025 will be Prime Minister Narendra Modi-led government's first full budget and second bugdet after returning to power in Lok Sabha polls. The first Budget of Modi 3.0 was a vote on account.
In the the last Budget, the Finance Minister informed that for the year 2024-25, the total receipts other than borrowings and the total expenditure are estimated at Rs 32.07 lakh crore and Rs 48.21 lakh crore respectively. The net tax receipts are estimated at Rs 25.83 lakh crore and the fiscal deficit is estimated at 4.9 per cent of GDP.
Read More: Income tax relief in Budget 2025? Govt mulling relief for lower income tax bracket
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