The Indian Finance Minister's upcoming FY2025-26 Budget ...

Finance Minister's Budget Targets 4.5% Fiscal Deficit with Rs 11.1 Lakh Crore Capital Expenditure and Tax Revenue Goals

January 30, 2025

News Budget

The Indian Finance Minister's upcoming FY2025-26 Budget presentation focuses on critical fiscal metrics and consolidation targets. The government aims to reduce fiscal deficit to 4.5% of GDP, continuing from the current year's 4.9% target. Capital expenditure is projected at Rs 11.1 lakh crore, though actual spending may be lower due to electoral delays. The Budget addresses debt management with a target to reduce general government debt-to-GDP ratio from 85% to 60%. Key revenue projections include gross tax revenue of Rs 38.40 lakh crore, with Rs 22.07 lakh crore from direct taxes and Rs 16.33 lakh crore from indirect taxes. GST collections are anticipated at Rs 10.62 lakh crore, while nominal GDP growth is estimated at 10.5%.

View Source

← Previous Next →

The Indian Finance Minister's upcoming FY2025-26 Budget ...

Finance Minister's Budget Targets 4.5% Fiscal Deficit with Rs 11.1 Lakh Crore Capital Expenditure and Tax Revenue Goals

January 30, 2025

News Budget

You may also like:

The Lok Sabha passed the Finance Bill 2025 with 35 government amendments, including the abolition of a 6% digital tax on online advertisements. This completes the lower...

The Finance Ministry team led by Finance Minister is preparing the FY26 Union Budget exceeding Rs 50 lakh crore amid significant economic challenges. Key concerns...

Penalty u/s 271B - no tax audit conducted u/s 44AB - bonafide belief - When Gross profit is more than Rs.4 crores, it means the Gross Receipts were definitely more than...

Finance Bill 2025 provides "unprecedented tax relief" with income tax rebate increased to Rs 12 lakh per annum (Rs 12.75 lakh for salaried class after standard...

Contravention of Sections 8(1) and 9(1)(f)(i) of the Foreign Exchange Regulation Act, 1973 - receiving foreign exchange payments in 1996-97 through fake export documents...

BUDGET SPEECH - Speech of Mr. Arun Jaitley, Minister of Finance as on February 1, 2017

The Income Tax Appellate Tribunal allowed the assessee's appeal against the reopening of assessment u/s 148A of the Income Tax Act. The Assessing Officer had alleged...

The NFRA held that the Auditors were grossly negligent and failed to exercise due diligence in the audit of a public interest entity, amounting to professional...

Direct tax collections for FY 2023-24 as of 17.06.2023 show net collections of Rs. 3,79,760 crore, a growth of 11.18% compared to the preceding year. - Gross collections...

Exemption u/s 11 - investment in violation of Section 11(5) - investment of Rs. 1.5 crore and transfer of 100 acres of land by the Appellant to HITEX squarely covered...

Sub-section (1) in Section 5 amended to not levy integrated tax on Extra Neutral Alcohol used for manufacturing alcoholic liquor for human consumption. Section 6A...

Jurisdiction of Single Member Bench of the Income Tax Appellate Tribunal - Monetary limit Rs.50 lakhs for hearing Appeal - In the present case, the assessee returned...

Budget 2014-2015 - Speech of Arun Jaitley Minister of Finance July 10, 2014

Rejection of declared transaction value under Valuation Rule 12, re-determination of value under Valuation Rules 4-9. Commissioner followed Rule 9, adopted actual values...

Appellant imported fermented and dried processed Sumatra cocoa beans which failed to conform to IS 8865:2003 standards as per FSSAI and BIS testing. Adjudicating...

Quick Updates: