Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament today, marking her eighth budget and the first of Prime Minister Narendra Modi’s third term. This year’s budget emphasizes economic growth, tax reforms, infrastructure expansion, and key welfare initiatives. With a focus on sustainable development and fiscal stability, it aims to drive investment, boost employment, and strengthen India’s economic trajectory in the coming years.
The Union Budget 2025 will be presented on February 1, 2025, by Finance Minister Nirmala Sitharaman. If the Union Budget 2025 is not passed in the Lok Sabha, the government loses its majority support, leading to a financial and political crisis. Since the Budget is a money bill, failure to pass it means the government cannot withdraw funds, affecting essential expenses. To prevent a shutdown, a Vote-on-Account may be passed for temporary funding. However, if the deadlock continues, it can trigger a no-confidence motion, Prime Minister’s resignation, dissolution of Lok Sabha, and fresh elections, potentially causing the government to collapse.