Page 4 - Revised Estimate News Today

Exuding confidence that the Modi government will return to power in 2024, Union Finance Minister Nirmala Sitharaman presented an interim "national election year" budget of "no disruption" keeping tax slabs unchanged, focusing on inclusivity, continued economic reforms and listing the achievements of the NDA in the past ten years while refraining from any new populist announcement.

Capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP. - Budget 2024 Summarised For Easy Understanding; Check It Right Here

Union Budget 2024: Union Finance Minister Nirmala Sitharaman presented the Vote on Account budget for FY25, focusing on women, youth, farmers, and the poor. The budget aims to address financial needs until a new government is formed after elections. The government has raised the capital expenditure target by 11.1% to Rs. 11.11 lakh crore, representing 3.4% of the GDP.

Revenue collections seen to give comfort to fiscal deficit, capital outlay

The government has allocated Rs 11.1 lakh crore as capital expenditure for the next fiscal year, marking a rise of 11.1 per cent, Finance Minister Nirmala Sitharaman said in her budget speech on Thursday.

Government bond yields slid to their lowest levels since June, bringing down the cost of borrowing across the economy, as the Centre took the unusual step of dipping into a tax fund kitty to bring down its gross debt issuances for FY25, pleasantly surprising the market with lower supply.

The revenue receipts at Rs 30.03 lakh crore are expected to be higher than the Budget Estimate, reflecting strong growth momentum and formalisation in the economy

Budget News: NEW DELHI: The size of Budget 2024-25 has increased 6.

The Ministry of Minority Affairs receives an increased budgetary allocation of Rs 3,183.24 crore for 2024-25, up by Rs 574.27 crore compared to the revised estimate of Rs 2,608.93 crore in 2023-24. The focus areas include education empowerment, with Rs 1,575.72 crore allocated, and specific scholarships for minorities, such as Pre-Matric Scholarship and Post-Matric Scholarship, receiving Rs 326.16 crore and Rs 1,145.38 crore, respectively.

The size of Budget 2024-25 has increased 6.1 per cent to Rs 47.66 lakh crore because of the rise in expenditure and higher allocation for capital expenditure and social sector schemes.