Union Budget 2025-26
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Budgetary action — an allocation, fiscal policy change, or expenditure decision shaping how public resources flow. Reveals government priorities and affects programme implementation capacity.
Summary
Budget with significant income tax relief - no tax up to Rs 12 lakh, new simplified regime with 8 slabs. Rs 11.21 lakh crore for infrastructure, support for MSMEs, and Makhana Board for Bihar. Focus on growth, investment, and consumption.
Key Facts
Type Budget
Source Historical Record
Published Saturday, 1 February 2025
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right