Lok Sabha passes Finance Bill 2025 with 35 govt amendments, BFSI News, ET BFSI
New Delhi, The Lok Sabha on Tuesday handed the Finance Bill 2025, together with 35 authorities amendments, together with one which abolishes a 6 per cent digital tax on online advertisements. With the passage of the Finance Invoice 2025, the Lok Sabha accomplished its a part of the Budgetary approval course of. The Higher Home, Rajya Sabha, will now contemplate the Invoice.
After the Rajya Sabha approves the Invoice, the Price range course of for 2025-26 might be full.
The Union Budget 2025-26 envisages a complete expenditure of Rs 50.65 lakh crore, a rise of seven.4 per cent over the present fiscal.
The entire capital expenditure proposed for the subsequent fiscal is Rs 11.22 lakh crore and an efficient capital expenditure of Rs 15.48 lakh crore.
It proposes a gross tax income assortment of Rs 42.70 lakh crore and a gross borrowing of Rs 14.01 lakh crore.
Based on Price range paperwork, Rs 5,41,850.21 crore has been earmarked for Centrally Sponsored Schemes for the monetary 12 months beginning April 1, 2025. This compares with Rs 4,15,356.25 crore for the present monetary 12 months.
For central sector schemes, Rs 16.29 lakh crore have been earmarked for FY26 in comparison with Rs 15.13 lakh crore for 2024-25.
Price range estimates of expenditure for 2025-26 have elevated as a consequence of a number of causes, together with an increase in fee of curiosity on market loans, treasury payments, exterior loans, small financial savings and provident funds; greater necessities of Armed Forces, together with capital expenditure; and extra provisions for employment era scheme.
Whole assets being transferred to states, together with devolution of states’ share, grants/loans and releases below Centrally Sponsored Schemes, in Price range 2025-26 are Rs 25,01,284 crore, an increase of Rs 4,91,668 crore over the actuals of 2023-24.
The fiscal deficit for FY26 is projected at 4.4 per cent towards 4.8 per cent within the present fiscal.
The GDP for FY2025-26 is estimated at Rs 3,56,97,923 crore, which is 10.1 per cent over the Revised Estimates for FY2024-25 of Rs 3,24,11,406 crore launched by the Nationwide Statistical Workplace(NSO).
