Union Budget 2023 Top Announcements

Orange Lightning By Nirmala Sitharaman

Capital Expenditure Target Increased by 33%

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Revised Fiscal Deficit Estimated to be 5.9% of GDP

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Revamped Credit Guarantee Scheme

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Enhanced Presumptive Tax Eligibility Limits

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Rebate Limit Increased to 7 Lakh in New Tax Regime

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Mahila Samman Bachat Scheme for Women

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Union Budget 2023 Top Announcements

Capital Expenditure Target Increased by 33%

Nirmala Sitharaman increased the capital expenditure (capex) target in the Union Budget for 2023-24 by 33% to Rs 10 lakh crore.

Revised Fiscal Deficit Estimated to be 5.9% of GDP

The Finance Minister has set the deficit for 2023-24 at 5.9%, well below the 6.4% budgeted for 2022-23.

Revamped Credit Guarantee Scheme

Enhanced Presumptive Tax Eligibility Limits

MSME and Professional presumptive taxation limits have been raised to Rs.3 crore and Rs.75 lakh, respectively.

Rebate Limit Increased to 7 Lakh in New Tax Regime

Mahila Samman Bachat Scheme for Women

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