Key takeaways from interim Budget 2024-25 in charts

Here are some of the key takeaways from Budget 2024-25 in charts

The Finance Minister presented her sixth budget today. Her announcements ranged from railways, tourism, healthcare, technology, aviation, green energy, aquaculture, housing, and more. With regards to taxation, no changes were announced to the tax structure of direct and indirect taxes, and import duties. Meanwhile, startups and investments made by sovereign wealth or pension funds were given an extended tax exemption till March 31, 2025.

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Besides this, here are the charts that show key numbers from the interim Budget 2024:

Capital expenditure outlay was raised to ₹11.1 lakh crore for FY25 from the ₹9.5 lakh crore in the previous fiscal. The proportion of capital expenditure (excluding grant in aid) to total expenditure stands at 23.31%. This is in line with the trend of increasing capital expenditure in the past few years. Capital expenditure means the government’s spending on durable assets like the construction of infrastructure.

The budget estimates for the fiscal deficit for FY 25 was pegged at 5.1%, down from the revised estimates of 5.8% last fiscal year. The fiscal deficit is the difference between the government’s revenues and expenditure. It is financed by money from various sources like market borrowings, small savings, dated securities and others. The government has set a target of 4.5% fiscal deficit by 2025-26.

Borrowings and other liabilities account for the largest avenue from where the Budget money comes, followed by income tax and GST & other taxes.

When it comes to expenditure, the highest amount goes towards paying interest and the money given to the states in the form of taxes and duties, accounting for 20 per cent each of the total expenditure.