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Union Interim Budget 2024-25 Highlights
Capital Expenditure Outlay
The government has announced an 111% increase in capital expenditure outlay for 2024-2025. This will bring the total outlay to Rs. 10 lakh crore, up from Rs. 4.5 lakh crore in 2023-2024. The increase in capital expenditure is aimed at boosting economic growth and creating jobs.
Fiscal Deficit
The fiscal deficit for FY2024-25 is estimated to be 5.1% of the total GDP. The government aims to bring this down to below 4.5% by 2030. This will be achieved by increasing revenue and reducing expenditure.
Four Focus Points
The Finance Minister highlighted four main focus points of the budget:
- Inclusive development
- Infrastructure development
- Fiscal consolidation
- Green growth
The budget includes a number of measures to support these focus areas, including:
- A 20% increase in allocation for rural development
- A 10% increase in allocation for infrastructure development
- A new scheme to provide financial assistance to farmers
- A new scheme to promote renewable energy
The Interim Budget for 2024-25 is a positive step towards achieving the government's economic goals. The focus on inclusive development infrastructure development and fiscal consolidation will help to create a stronger and more prosperous economy.
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