The union budget 2025–26 outlines fiscal consolidation amid economic uncertainties, highlighting pressing financial challenges.
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.
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Pinaki Chakraborty (2025) studied this question.
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