Union Budget 2026-27

The annual financial statement of the Government of India for 2026-27, presented by Finance Minister Nirmala Sitharaman on 1 February 2026 — her ninth consecutive Budget. Total expenditure is ₹53.47 lakh crore, with capital expenditure at ₹12.2 lakh crore. The fiscal deficit is budgeted at 4.3% of GDP, down from 4.4% in 2025-26. The Budget marked a change in how the government frames its fiscal rule: the debt-to-GDP ratio, projected at 55.6%, now serves as the primary anchor, with a medium-term aim of bringing central government debt to about 50% of GDP by 2030-31. Income-tax slabs were left unchanged.