For central sector schemes, Rs 16.29 lakh crore have been earmarked for FY26 compared to Rs 15.13 lakh crore for 2024-25.Budget estimates of expenditure for 2025-26 have increased due to several reasons, including a rise in payment of interest on market loans, treasury bills, external loans, small savings and provident funds; higher requirements of Armed Forces, including capital expenditure; and more provisions for employment generation scheme.Total resources being transferred to states, including devolution of states’ share, grants/loans and releases under Centrally Sponsored Schemes, in Budget 2025-26 are Rs 25,01,284 crore, a rise of Rs 4,91,668 crore over the actuals of 2023-24.The fiscal deficit for FY26 is projected at 4.4 per cent against 4.8 per cent in the current fiscal.The GDP for FY2025 -26 is estimated at Rs 3,56,97,923 crore, which is 10.1 per cent over the Revised Estimates for FY2024- 25 of Rs 3,24,11,406 crore released by the National Statistical Office(NSO).
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