Salient features of Union Budget FY25
- In absolute terms, gross fiscal deficit has been budgeted at Rs 16854.94 billion for FY25.
- Gross market borrowing and net market borrowing have been budgeted at Rs 14.13 trillion and 12.25 trillion.
- Nominal GDP for BE 2024-25 has been projected at Rs 327.71 trillion assuming 10.5 % growth over the estimated Nominal GDP of Rs 296.57 trillion as per the First Advance Estimates of FY 2023-24.
- 73% of the fiscal deficit to be financed by market borrowing.
Budget Nos(Rs billion) | FY23BE | % change of FY22 RE | FY23RE | % change of FY23 BE | FY24BE | % change of FY23 RE | FY24RE | % change of FY24 BE | FY25BE | % change of FY24 RE |
Gross Fiscal Deficit | 16611.96 | 4.41% | 17553.19 | 5.67% | 17868.16 | 1.79% | 17347.73 | -2.91% | 16854.94 | -2.84% |
Nominal GDP | 258234.00 | 11.24% | 273077.51 | 5.75% | 301750.65 | 10.50% | 296577.45 | 8.61% | 327718.08 | 10.50% |
Fiscal Deficit % of GDP | 6.40 | -7.25% | 6.40 | 0.00% | 5.90 | -7.81% | 5.80 | -1.69% | 5.10 | -12.07% |
Government Borrowing Net | 11587.19 | 32.31% | 11958.66 | 3.21% | 12309.11 | 2.93% | 11817.79 | -3.99% | 12251.82 | 3.67% |
Government Borrowing Gross | 14950.00 | 42.86% | 14310.00 | -4.28% | 15450.00 | 7.97% | 15450.00 | 0.00% | 14130.00 | -8.54% |
Government Net Borrowing % of Fiscal Deficit | 69.75% | 26.72% | 68.13% | -2.33% | 68.89% | 1.12% | 68.12% | -1.11% | 72.69% | 6.70% |