Union Budget 2025: Deficit, Taxes & Spending

As India gears up for the Union Budget 2025-26, the focus is on fiscal consolidation and economic stability. The government targets a fiscal deficit of 4.9% of GDP, but early projections indicate it may touch 5%. With 52.5% of the deficit target already met and capital expenditure dropping by 12.3%, concerns about spending efficiency arise. Meanwhile, net tax revenues have reached 56% of the target, with a 24% YoY jump in income tax collections. Will the government stay on track? Find out on February 1, 2025, as the Budget reveals India’s economic roadmap for the year ahead. A special report by Business Today TV