Union Budget 2026-27
Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 on 1 February 2026 — the first drafted in the new Kartavya Bhawan — narrowing the fiscal deficit to 4.3% of GDP, lifting capital spending to Rs 12.2 lakh crore and handing defence a record Rs 7.85 lakh crore, alongside rare-earth corridors, a biopharma mission and a simplified Income Tax Act. The first quarter's actual accounts, published on 5 August 2026, show the Centre having collected 28.7% of the receipts it budgeted and spent 25.4% of the Budget.
- Union Budget 2026-27
- Nirmala Sitharaman
- fiscal deficit
- defence budget
- rare earth corridors
- RDI Scheme
- Urban Challenge Fund
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