Union Budget 2025: Fiscal Deficit Estimated At 4.4% Of GDP, Total Expenditure Rs 50.65 Lakh Crore

Beneath the Fiscal Accountability and Funds Administration (FRBM) Act, the federal government had set a goal to carry the fiscal deficit under 4.5% of GDP by 2025-26. Finance Minister Nirmala Sitharaman reaffirmed this dedication within the Union Funds 2025, sustaining the fiscal consolidation trajectory outlined in 2021. Regardless of rising calls from the center class for tax reduction measures, the federal government adhered to its fiscal glide path, emphasizing financial stability and accountable monetary administration.