Union Budget 2026-27

Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament on 1 February 2026 — the first Budget drafted from the new Kartavya Bhawan complex, framed around three stated duties ('kartavya'): sustaining growth, building citizens' capacity, and spreading its benefits under the 'Sabka Sath, Sabka Vikas' banner. It narrows the fiscal deficit to 4.3% of GDP, lifts public capital spending to Rs 12.2 lakh crore, and hands defence a record Rs 7.85 lakh crore with a 21.8% jump in the capital (modernisation) head. New pushes cover rare-earth mineral corridors, coconut and other high-value crops, a biopharma manufacturing mission, and an overhauled Income Tax Act — building on the growth and fiscal groundwork the Economic Survey 2025-26 had laid out just two days before.