2026 Union budget of India
| Annual Financial Statement of the Central Government for 2026–27; Finance Bill, 2026 | |
|---|---|
Emblem of India | |
| Submitted | 1 February 2026 |
| Submitted by | Nirmala Sitharaman |
| Submitted to | Parliament of India |
| Presented | 1 February 2026 |
| Passed | Pending |
| Country | India |
| Parliament | 18th Lok Sabha |
| Government | Third Modi ministry |
| Party | Bharatiya Janata Party |
| Finance minister | Nirmala Sitharaman |
| Total revenue | ₹36.5 lakh crore (non-debt receipts) |
| Total expenditures | ₹53.5 lakh crore |
| Program Spending | Capital expenditure ₹12.2 lakh crore |
| Deficit | 4.3 % of GDP |
| Debt | 55.6 % of GDP |
| Legislation | Finance Bill, 2026 |
| Website | https://www.indiabudget.gov.in |
|
‹ 2025 2027› | |
The Union Budget of India for 2026–27 was presented on 1 February 2026 in the Lok Sabha by Finance Minister Nirmala Sitharaman on behalf of the Third Modi ministry. The budget outlined the Government of India's fiscal policy, taxation proposals, and expenditure priorities for the financial year 2026–27.
According to the Press Information Bureau (PIB), India's real GDP growth for 2025–26 was estimated at 7.4%, with nominal growth projected at 10% for 2026–27. Effective capital expenditure was budgeted at ₹17.15 lakh crore (US$200 billion) (4.4% of GDP), while the fiscal deficit target was reduced to 4.3% of GDP and central government debt was projected to decline to 55.6% of GDP.
The budget emphasised infrastructure investment, domestic demand growth, and tax relief measures, including a full income-tax rebate for individuals earning up to ₹12.75 lakh annually. It also highlighted improvements in external trade performance and continued fiscal consolidation.