New Delhi, Feb. 3 -- Budget 2025 prioritises non-inflationary growth through careful fiscal management, with the government's entire borrowing of Rs 15.68 lakh crores channelled exclusively into capital expenditure, Finance Secretary and Secretary, Department of Revenue, Tuhin Kanta Pandey told industry leaders Monday.

Speaking at a FICCI conference on the Union Budget 2025-26, Pandey emphasised that the budget's design ensures growth without stoking inflation pressures.

"When we show the numbers, there is nothing hidden elsewhere. Our entire borrowings are going into CAPEX - nothing could be better than this. It's a non-inflationary budget," he said.

The capital expenditure programme of Rs 15.48 lakh crores for fiscal year 2025-26 inc...