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Union Finance Minister Nirmala Sitharaman presented her ninth Union Budget successful Parliament connected Sunday (February 1, 2026), outlining the Centre’s planned income and expenditure for 2025-26, on with projections for the fiscal deficit.
Also read: Union Budget 2026 Live updates
This was the archetypal clip successful India’s past that the Union Budget was presented connected a Sunday.
Here are the cardinal numbers from the Budget.
Revenue and Capital receipts
The Budget Estimates for 2026-27 task non-debt receipts astatine ₹36.5 lakh crore, portion full expenditure is pegged astatine ₹53.5 lakh crore. The Centre’s nett taxation receipts are estimated astatine ₹28.7 lakh crore, reflecting an betterment implicit the Revised Estimates for 2025-26, erstwhile non-debt receipts stood astatine ₹34 lakh crore and nett taxation receipts astatine ₹26.7 lakh crore.
Revenue and Capital expenditure
Revenue expenditure for FY27 is estimated to beryllium ₹41.25 lakh crore compared to FY26’s ₹38.69 lakh crore.
Capital expenditure oregon capex is estimated to beryllium ₹12.22 lakh crore, which is astatine 4.4% of the GDP. It is 10% higher than the ₹11.11 lakh crore budgeted capex announced successful FY26. This is the “highest-ever superior expenditure and works retired to beryllium 4.4% of GDP”, according to Ms. Sitharaman’s connection astatine a post-budget league successful New Delhi.
Trend successful superior expenditure
Capital expenditure oregon capex, is the wealth spent by the authorities connected improvement oregon to acquire, oregon to upgrade machinery oregon assets.
The superior expenditure was 2.5% of GDP successful 2021-22 and astir 4% of GDP successful 2024-25. The government’s superior expenditure was ₹2.35 lakh crore successful 2015-16.
Deficit trends
The fiscal deficit in BE 2026-27 is estimated to beryllium 4.3 % of GDP. In RE 2025-26, the fiscal deficit has been estimated astatine par with BE of 2025-26 astatine 4.4% of GDP.
Debt trends
The debt-to-GDP ratio is estimated to beryllium 55.6% of GDP successful BE 2026-27, compared to 56.1 % of GDP successful RE 2025-26.
Where does the wealth travel from?
Borrowings and different liabilities signifier the largest root of funds for this Budget, accounting for 24% of full inflows, unchanged from the erstwhile year. Income taxation is the second-largest contributor astatine 21% (down from 22% past year), followed by GST and different taxes astatine 15%, compared with 18% successful 2025-26. Corporation taxation besides makes up a important stock astatine 18%. The remaining budgetary resources travel from non-tax revenue, Union excise duties, customs duties, and non-debt superior receipts.
Where does the wealth go?
In the Budget, 22% of expenditure (unchanged from past year) is allocated to States’ stock of taxes and duties, followed by involvement payments astatine 20%. Central assemblage schemes relationship for 17% of full spending. Defence receives 11%, portion Finance Commission and different transfers and centrally sponsored schemes get 8% and 7%, respectively. Pensions relationship for 2% of authorities expenditure, portion the remaining 7% is spent connected different items.
