What is the estimated total government expenditure for India in 2025-26 according to the Budget?
Show answer & explanation
Correct answer: C
Explanation
Solution: The correct answer is ₹50.6 lakh crore.
Explanation:
☛ In the Union Budget 2025-26, presented by Union Finance Minister Nirmala Sitharaman on 1 February 2025, the total government expenditure is estimated at ₹50.65 lakh crore (approx. ₹50.6 lakh crore).
☛ Out of this, the capital expenditure (Capex) is targeted at ₹11.21 lakh crore, focusing on infrastructure development and economic growth.
☛ Total receipts other than borrowings are estimated at ₹34.96 lakh crore.
☛ The fiscal deficit for FY 2025-26 is projected to be 4.4% of GDP, continuing on the consolidation path.
Extra Exam-Relevant Facts:
☛ Article 112: The Constitution of India refers to the budget as the Annual Financial Statement.
☛ Nirmala Sitharaman: Presented her 8th consecutive Union Budget in 2025, the highest by any Finance Minister consecutively.
☛ Revenue Deficit: Projected at 1.5% of GDP for the financial year 2025-26.
☛ Effective Capital Expenditure: Budgeted at around ₹15.48 lakh crore, which includes grants-in-aid for the creation of capital assets.
Important One-Liners for Upcoming Exams:
☛ What is the fiscal deficit target for FY 2025-26 in the Union Budget? → 4.4% of GDP
☛ How much capital expenditure (Capex) was allocated in Union Budget 2025-26? → ₹11.21 lakh crore
☛ Which constitutional article mandates the presentation of the Annual Financial Statement? → Article 112
☛ Who holds the record for presenting the maximum total budgets in India? → Morarji Desai (10 budgets)
☛ In which year was the Railway Budget merged with the Union Budget? → 2017