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Finance Bill 2025 Passed by Lok Sabha: Key Highlights and Budgetary Overview

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Finance Bill 2025 Passed by Lok Sabha: Key Highlights and Budgetary Overview

Key Event/HighlightDetails
DateTuesday, March 25, 2025
Lok Sabha Passes Finance Bill 2025Passed with 35 government amendments; moves to Rajya Sabha
Key AmendmentAbolition of 6% digital tax on online advertisements
Total Expenditure (FY 2025-26)₹50.65 lakh crore (7.4% increase over FY 2024-25)
Capital Expenditure₹11.22 lakh crore (Effective: ₹15.48 lakh crore)
Gross Tax Revenue Collection₹42.70 lakh crore
Gross Borrowing₹14.01 lakh crore
Finance MinisterNirmala Sitharaman
VisionViksit Bharat by 2047; tax certainty
Tax Relief MeasuresUnprecedented relief for individuals and businesses
Tax Mobilization FocusIncreased focus on individuals with foreign assets
Centrally Sponsored Schemes Allocation₹5,41,850.21 crore (up from ₹4,15,356.25 crore in FY 2024-25)
Central Sector Schemes Allocation₹16.29 lakh crore (up from ₹15.13 lakh crore in FY 2024-25)
State Resource Transfer₹25,01,284 crore (increase of ₹4,91,668 crore over 2023-24)
Fiscal Deficit (FY 2025-26)4.4% of GDP (down from 4.8% in FY 2024-25)
GDP Estimate (FY 2025-26)₹3,56,97,923 crore (10.1% increase over FY 2024-25)
National Statistical Office (NSO)Released Revised Estimates for FY 2024-25 (₹3,24,11,406 crore)

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