Indian Government Budget 2025-26 Part 6

 

Fiscal policy

• Government’s 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. The roadmap for the next 6 years has been detailed in the FRBM statement.    The Revised Estimate of the total receipts other than borrowings is 
• INR 31.47 lakh crore, of which the net tax receipts are INR 25.57 lakh crore. The Revised Estimate of the total expenditure is INR 47.16 lakh crore, of which the capital expenditure is about INR 10.18 lakh crore.
• The Revised Estimate of the fiscal deficit is 4.8% of GDP.
• Coming to 2025-26, the total receipts other than borrowings and the total expenditure are estimated at INR 34.96 lakh crore and INR 50.65 lakh crore respectively. The net tax receipts are estimated at INR 28.37 lakh crore. The fiscal deficit is estimated to be 4.4% of GDP.
• To finance the fiscal deficit, the net market borrowings from dated securities are estimated at INR 11.54 lakh crore. The balance financing is expected to come from small savings and other sources. The gross market borrowings are estimated at INR 14.82 lakh crore.