Submitted | 1 February 2025 |
---|---|
Submitted by | Nirmala Sitharaman Minister of Finance |
Submitted to | Parliament of India |
Presented | 1 February 2025 |
Passed | 1 February 2025 |
Parliament | 18th (Lok Sabha) |
Party | Bharatiya Janata Party |
Finance minister | Nirmala Sitharaman |
Total revenue | ₹34.96 trillion (US$400 billion) |
Total expenditures | ₹50.65 trillion (US$590 billion) |
Tax cuts | Complete tax rebate on income upto ₹12.75 lakh |
Deficit | 4.4% of GDP |
Debt | 56.1% of GDP |
GDP | 4.271 Trillion |
Website | www |
‹ 2024 2026› |
The 2025 Union budget of India was presented by Finance Minister Nirmala Sitharaman on 1 February 2025 for the financial year 2025-2026.[1] This was the first full financial year budget of Prime Minister Narendra Modi's third term in office.