Budget 2025: Tune Into Dailyhunt For Latest, In-Depth, And Fastest Updates On Union Budget

Union Budget 2025: Nirmala Sitharaman is set to become the first female in India to present Union Budget as Finance Minister for the eighth consecutive year on February 1, 2025. Under Modi 3.0, she is moving closer to breaking the record of former Prime Minister Morarji Desai who holds the title of presenting the most Budget in India.

With the Budget 2025 announcement, Sitharaman will be at par with former President Pranab Mukherjee's total of 8 budgets which he presented from 1982-85 and 2009-12. She is racing towards P Chidambaram's count of 9 budgets as Finance Minister. Also, she is closer to Morarji Desai's budget count of 10.

Sitharaman has already created history by becoming the first female and first Finance Minister under the NDA government to present the most budget. She has outperformed the previous Finance Minister Arun Jaitley who presented 5 budgets under NDA government. Additionally, She has outrun C. D. Deshmukh who presented a total of 7 budgets, and has eventually surpassed Manmohan Singh and T. T. Krishnamachari who presented 6 budgets each under their tenures.

On February 1, 2025, expectations of key reforms to drive the economy and increase in the better livelihood of Indian citizens is expected from Sitharaman.

For the financial year 2025-26, the prediction is that the government is likely to make an effort to tone down fiscal deficit while increasing the CAPEX target to fillip investment. Major job creation and benefits to industries including MSMEs via the PLI scheme are likely on the cards. Furthermore, the Budget 2025 is also expected to increase allocation in major government schemes to boost financial freedom for citizens. One of the major expectations from FM is income tax rebates and exemptions that are seen to drive salaried individuals' income against inflation and uncertain global shocks.

Since 2017, the Finance Ministry has started to announce the Union Budget on the first day of February every year. The Article 112 of the Indian Constitution, makes it mandatory for the current government to present a full-fledged Budget to the Parliament Houses before the start of a financial year which begins on April 1st and ends on March 31st every year.

In India, the Budget is pivotal as it aims to ensure social justice, equality and balanced economic growth. There are two parts to Budget namely revenue and capital budget.

Generally, the Budget is announced to ensure rapid, sustained and balanced growth in India's economy. It focuses on the efficient allocation of resources, driving employment and reducing poverty levels. Additionally, the Budget aims to reduce wealth and income disparities and keep the prices in control. These moves are expected to lift the economic growth, and India is focused on becoming a $5 trillion economy by 2027-28.

With that, Dailyhunt brings you the opportunity to enjoy the latest updates and in-depth articles related to Budget 2025.

Continuing on its endeavour of providing key insights and all-round updates on Budget, Dailyhunt is going to present Budget live this year as well.

Dailyhunt will provide real-time updates, news, views and analysis. Stay tuned to Dailyhunt for all the action LIVE!