Union Budget 2026-27
The Union Minister of Finance and Corporate Affairs presented the Union Budget 2026–27 in Parliament in February 2026, marking the first Budget prepared in the newly inaugurated Kartavya Bhawan.
- The budget framed as a Yuva Shakti-driven Budget, is anchored in the vision of Viksit Bharat and reflects the guiding principles of Action over Ambivalence, Reform over Rhetoric, and People over Populism.
- The Budget is guided by three Kartavyas (duties) aimed at accelerating economic growth, building people’s capacities, and ensuring inclusive development.
The Three Kartavyas
- Sustain Economic Growth: To enhance productivity, competitiveness, and build resilience against volatile global dynamics.
- Fulfill Aspirations: To build the capacity of the youth and citizens, making them strong partners in India’s prosperity.
- Sabka Saath, Sabka Vikas: To ensure every family, community, region, and sector has access to resources and opportunities, focusing on the “Last Mile.”
I highly encourage you to review the key features of the Budget 2026-27 published by the Ministry of Finance, outlined as follows. It is already presented so nicely, no additional notes are required for this:
Budget at a Glance presents broad aggregates of the Budget for easy understanding. This document shows receipts and expenditure as well as the Fiscal Deficit (FD), Revenue Deficit (RD), Effective Revenue Deficit (ERD) and the Primary Deficit (PD) of the Government of India.
It depicts sources of receipts and expenditure through graphs and info-graphics. In addition, the document contains details of resources transferred to the States and UTs with Legislature, extracts of allocations for programme and schemes, sources of deficit financing, etc.