<h1>Finance Minister's 2025-26 Budget Targets Lower Fiscal Deficit and Increased Capital Expenditure for Economic Growth</h1> The upcoming Union Budget for 2025-26, presented by the Finance Minister, will focus on several key economic indicators. The fiscal deficit for FY25 is projected at 4.9% of GDP, with plans to reduce it to 4.5% by FY26. Capital expenditure is budgeted at Rs 11.1 lakh crore, though initial spending was delayed due to elections. The government aims to reduce the debt-to-GDP ratio from 85% towards a 60% target. Gross borrowing is set at Rs 14.01 lakh crore, and tax revenue is estimated at Rs 38.40 lakh crore. GST collections are projected to rise by 11%, and nominal GDP growth is estimated at 10.5%. Key areas of focus include dividends, disinvestment, and spending on essential sectors like health and education.