Budget 2025: All about fiscal deficit and why it becomes big news before budget

India Budget 2025: India's fiscal deficit reached 46.5% of its budget estimates in the first seven months of FY2025, amounting to Rs 7.51 lakh crore. While direct tax collections showed robust growth, capital expenditure lagged behind at 42% of the target. FY24's fiscal deficit was lower than projected, with net tax receipts exceeding targets and total expenditure slightly below.