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The 2025 Union budget of India was presented by Finance Minister Nirmala Sitharaman on 1 February 2025 for the financial year 2025-2026. [1] This was the first full financial year budget of Prime Minister Narendra Modi's third term in office.
As of 8 February 2025, NDA have government in 19 States and 2 Union Territories. INDIA bloc have government in 8 States and 1 union Territories. Other one party ZPM , which is not part of any alliance has government in Mizoram state.
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
India has a multi-party system with two major parties, namely the Bharatiya Janata Party (BJP) and the Indian National Congress (INC), that dominate politics at the national level. The BJP has governed the country with Narendra Modi at the helm since 2014. The tenure of the 17th Lok Sabha was scheduled to end on 16 June 2024. [25]
The Bharatiya Janata Party (BJP) is one of the two major political parties in India and has been the ruling party since the 16th Lok Sabha.It successfully sought re-election in the 2024 parliamentary election as the leading party of the National Democratic Alliance, with Narendra Modi as its Prime Ministerial candidate.
The budget serves as a financial blueprint for the upcoming fiscal year, forecasting economic conditions and aligning the Government of India's spending with its policy objectives. The Government of India presents the Union Budget on the first day of February to ensure its implementation before the commencement of the new financial year in April.
' Indian People's Party ', BJP) is a political party in India and one of the two major Indian political parties alongside the Indian National Congress. [43] BJP emerged out from Syama Prasad Mukherjee's Bharatiya Jana Sangh. [44] Since 2014, it has been the ruling political party in India under the incumbent Prime Minister Narendra Modi. [45]
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]
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