Union Budget Reflects NDA’s Commitment to Economic Prudence: Damu Naik

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Panaji: BJP Goa President Damu Naik on Saturday welcomed the Union Budget, claiming that it reflects the NDA government’s unwavering commitment to economic prudence, robust fiscal management, and inclusive growth.

Naik said that this budget reinforces India’s strong macroeconomic fundamentals while ensuring that states like Goa benefit immensely from forward-looking policies.

The government has successfully brought down the fiscal deficit to 4.4 percent of GDP, marking a significant improvement from the revised 4.8 percent in FY25, he said.

Naik added that this reflects responsible governance, reduced borrowings, and better control over public finances.

Gross tax revenue is projected to grow by 10.7 percent, showing strong economic activity and effective tax administration. Enhanced GST compliance and direct tax collections have strengthened the fiscal position, benefiting states like Goa, the BJP leader said.

Naik stated that the NDA government’s strategic focus on fiscal prudence, coupled with initiatives to boost economic activity, underscores its commitment to building a resilient and prosperous nation.

These measures not only strengthen the country’s financial health but also lay a solid foundation for future development, he said.

Naik highlighted that the budget prioritizes Goa’s tourism sector, identifying it among 50 top destinations to be developed in partnership with states. Increased funding for infrastructure, heritage tourism, and sustainable tourism practices will further bolster Goa’s global appeal.

The continued expansion of coastal and air connectivity, including new flight routes, will attract more domestic and international visitors, boosting employment and local businesses. This is a significant step in reinforcing Goa’s position as a premier global travel destination, he added.

Naik pointed out that the nil personal income tax slab has been raised to Rs 12 lakh (Rs 12.75 lakh for salaried taxpayers with the standard deduction), significantly reducing the tax burden on Goa’s middle class and professionals.

This ensures higher disposable incomes, leading to increased spending, investment, and economic activity within Goa’s local economy. More disposable income means better savings, increased purchasing power, and an overall improvement in the standard of living for Goans, he added.

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