The Union Budget 2025–26 needs to be seen in the context of rising economic uncertainties, subdued economic growth, increasing indebtedness of the households and a decline in financial savings in the economy. The deficit and expenditure numbers indicate that the primary focus of this year’s budget is fiscal consolidation. This is also a continuation of the past trend of consolidation that started in 2021–22.
Pinaki Chakraborty (Sat,) studied this question.
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