3 Indian & AP Economy and Planning · 3.4.6 Union Budget and Economic Survey

3.4.6.1 Union Budget 2025-26: fiscal numbers and tax changes

Budget 2025-26 cut the fiscal deficit target to 4.4% of GDP, kept capital spending high, announced a move to a debt-to-GDP anchor, and made income up to Rs 12 lakh tax-free under the new regime.

  • APPSC Group 1
  • Advanced level
  • 5 min read
  • Full course

Key terms

  • Budget 2025-26
  • fiscal deficit
  • capital expenditure
  • effective capital expenditure
  • debt anchor
  • new tax regime
  • Section 87A rebate
  • TDS
  • customs tariff rates

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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