Finance Minister Nirmala Sitharaman said that the Capex (capital expenditure) in the Budget 2025-26 has increased by 10.2 per cent compared to last year. She thanked the Prime Minister for considering and rewarding taxpayers for income tax relief up to those earning up to Rs 12 lakh a year. As many as 1 crore taxpayers in the middle-income class are expected to benefit from the move. The Budget for 2025-16 has committed to a fiscal deficit path of below 4.5 per cent of GDP set in the July Budget. The Centre’s overall expenditure is estimated to increase from Rs 47.2 lakh crore in FY25RE to Rs 50.7 lakh crore for FY26BE. The key domains covered in the Union Budget include taxation, power, urban development, mining, the financial sector, and regulatory reforms. These areas are central to the government’s focus on driving growth, improving infrastructure, enhancing governance, and ensuring sustainable development across various sectors. The budget gives taxpayers flexibility whether to save, spend, or invest, she added.
