Major numbers for viewing in Union Budget for 2025-26

New Delhi: Finance Minister Nirmala Sitarman will present his record 8th direct budget and all will be expected to be highly expected for the middle class.
Sitarman replaced the leather briefcase in his first budget in 2019-which was in use for decades to carry the budget documents-wrapped in red clothes with traditional ‘books’. This year’s budget will be in paperless form, as has been done in the last three years.

Here are important numbers to look into the Union Budget for 2025-26:

Fiscal deficit: Budget fiscal deficit, which is the difference between government expenditure and income, is 4.9 percent of the GDP for the current financial year (April 2024 to March 2025 or FY25). According to the fiscal consolidation roadmap, the deficit is to be brought down to 4.5 percent of GDP in FY 26. Markets will look eagerly for the number of losses in the financial year 26 budget.

Capital expenditure: The government’s employed capital expenditure for this financial year is Rs 11.1 lakh crore. However, slow government spending in the first four months due to Lok Sabha elections delay the Capex cycle and the final number for the current financial year is expected to be lower than the budget. Capex speed FY26 is also expected to continue in the budget.

Debt Roadmap: The Finance Minister in his 2024-25 budget speech said that the fiscal policy from 2026-27 would have to maintain the fiscal deficit in such a way that the central government’s loan is on the declining path as one percent. GDP. Markets will seek loan consolidation roadmap from FY 27, to see that the Finance Minister sees the general government’s loan-to-GDP falling to 60 percent of the target. Therbi General Government Date-to-GDP ratio was 85 percent in 2024, including 57 percent central government loan.

Borrow: The government’s gross borrowed budget in FY 25 was Rs 14.01 lakh crore. The government borrows from the market to fund its fiscal deficit. The number of borrowings will be viewed by the market, especially compared to Rs 2.11 lakh crore in FY25 as compared to Rs 2.11 lakh crore behind the Dividend below RBI from RBI in FY 26.

tax revenue: The budget of 2024-25 increased the gross tax revenue of Rs 38.40 lakh crore, 11.72 percent on FY 24. This includes an estimated Rs 22.07 lakh crore for coming from direct taxes (personal income tax + corporate tax) and Rs 16.33 lakh crore from indirect taxes (Customs + Excise + GST).

GST: The Goods and Services Tax (GST) collection in 2024-25 has increased by 11 percent to Rs 10.62 lakh crore. FY ’26 GST revenue estimates will be seen as the revenue growth has slowed down in the last three months in the current financial year.

nominal GDP: India’s nominal GDP growth (real GDP plus inflation) is estimated to be 10.5 percent in FY 25, while the actual GDP growth estimated by NSO is 6.4 percent. FY26 nominal GDP development estimates in the budget will give an idea about inflation trajectory in the next financial year.

Dividend: The government estimated Rs 2.33 lakh crore from RBI and Rs 56,260 crore from CPSES as a dividend in FY25 and FY25. These two major non-tax revenue numbers will be seen in FY 26 budget estimates.

Disintegration and property migration: ‘Miscellaneous Capital Receipts’ – including disintegration and asset mudification – was estimated at Rs 50,000 crore in the budget of FY25. The FY26 budget will give a number and a comprehensive asset mudification roadmap for next year.

Spotlight will also be spent on major schemes like NREGA as well as major areas like health and education.