• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

FM Sitharaman Cuts Fiscal Deficit To 4.4 Per Cent Of GDP

OMMCOM NEWS by OMMCOM NEWS
February 1, 2025
in Business, Nation
Union Budget

New Delhi: Finance Minister Nirmala Sitharaman on Saturday presented the Budget 2025-26 in Parliament which aims to give a big push to employment-led growth with its focus on the agricultural and rural sector, MSMEs, and exports, while sticking to the fiscal consolidation path to ensure stability in the economy.

She has kept the budget deficit target on a declining path to 4.4 per cent of GDP in 2025-26 from 4.8 per cent of GDP in 2024-25.

The net market borrowing for the budget has been fixed at Rs 11.54 crore while the rest of the funds will come from small savings schemes, the Finance Minister said.

The government’s gross borrowing target for FY26 was revised upwards by 5.7 per cent to Rs 14.82 lakh crore. Earlier, it was set at Rs 14.01 lakh crore for FY25.

“In the July Budget, I committed to staying the course for fiscal consolidation. Our endeavour will be to keep the fiscal deficit each year such that the Central government debt remains on a declining path as a percentage of the GDP,” FM Sitharaman said.

“Coming to 2025-26, the total receipts other than borrowings and the total expenditure are estimated at Rs 34.96 lakh crore and Rs 50.65 lakh crore, respectively. The net tax receipts are estimated at Rs 28.37 lakh crore. The fiscal deficit is estimated to be 4.4 per cent of GDP,” the Finance Minister added.

In the FY’25 Budget, the government projected gross tax revenue at Rs 38.40 lakh crore, marking an 11.72 per cent increase from FY’24. This includes Rs 22.07 lakh crore from direct taxes (personal income and corporate tax) and Rs 16.33 lakh crore from indirect taxes (customs, excise, GST).

(IANS)

Tags: Finance Minister Nirmala SitharamanGDPMSMEs
ShareTweetSendSharePinShareSend
Previous Post

FM Sitharaman’s Announcements For Internet In Govt Schools, Social Security For Gig Workers

Next Post

Odisha Chief Minister Expresses Gratitude For Zero Income Tax Initiative

Related Posts

India-UK
Business

India-UK FTA A Lesson For US To Shed Its Transactional Lens And Adopt More Empathetic Posture

August 1, 2025
Arrested
Nation

Chhattisgarh: Five Maoists Arrested With Explosives In Sukma

August 1, 2025
Tesla
Business

Tesla To Open 1st Charging Station In India Next Week

August 1, 2025
Railway Stations
Nation

Centre Brings 73 Major Railway Stations Under Special Action Plan To Handle Festive Rush

August 1, 2025
Tuhin Kanta Pandey
Business

SEBI Will Not Spring Surprises On F&O Contract Changes, Says Chairman Tuhin Kanta Pandey

August 1, 2025
Indian Army
Nation

Indian Army Inks Rs 223 Crore Deal For Nextgen Tank Transporter Trailers

August 1, 2025
Next Post

Odisha Chief Minister Expresses Gratitude For Zero Income Tax Initiative

Yuvraj Singh

Yuvraj, Duminy, Tharanga To Represent Respective Nations At Inaugural International Masters League

Indian Stock Market

Indian Stock Market Remains Volatile Post Union Budget

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.