A Budget Exceeding ₹50 Lakh Crores for the First Time in Indian History
Union Finance Minister Nirmala Sitharaman presented the historic Union Budget for 2025-26, surpassing ₹50 lakh crores for the first time in India's history. The budget includes details on revenue deficits, fiscal deficits, tax collections, and government borrowing plans. The central government aims to borrow ₹15.82 lakh crores this fiscal year to meet its financial requirements.
Union Finance Minister Nirmala Sitharaman presented the 8th consecutive Union Budget, marking a historic moment as it surpassed ₹50 lakh crores for the first time in India's history. The Union Budget for the year 2025-26 was announced at ₹50,65,345 crores. This year, the revenue deficit stands at ₹5.23 lakh crores, while the fiscal deficit is ₹15.68 lakh crores. The capital expenditure for 2025-26 is ₹11.2 lakh crores, with gross tax revenue expected to be ₹42.7 lakh crores. Corporate tax collections are projected to be ₹10.82 lakh crores, GST cess collections are expected to be ₹1.67 lakh crores, and excise duty collections are forecasted at ₹3.17 lakh crores. Additionally, the central government plans to borrow ₹15.82 lakh crores from the markets in this fiscal year. For more updates, visit Vaartha Business.
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