Budget 2026–27 at a Glance: Key Highlights & Major Announcements
Budget 2026–27 at a Glance: Key Highlights & Major Announcements: 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.
2. Fiscal Deficit (FD) is the difference between total expenditure and total receipts (excluding Debt Capital Receipts). FD is reflective of the total borrowing requirement of Government. Revenue Deficit refers to the excess of revenue expenditure over revenue receipts. Effective Revenue Deficit is the difference between Revenue Deficit and Grants-in-Aid for Creation of Capital Assets. Primary Deficit is measured as Fiscal Deficit less interest payments. Effective Capital Expenditure (Eff-Capex) refers to the sum of Capital Expenditure and Grants-in-Aid for Creation of Capital Assets.
3. The receipts and expenditure depicted in this document are net of receipts and recoveries as explained in the reconciliation statements provided in the Receipt Budget (Annex-3) and Expenditure Profile Document (Statement No. 17).
4. In Revised Estimates (RE) 2025-26, the total expenditure is estimated at 49,64,842 crore. Against this, total expenditure in the Actuals for FY 2024-25 was 46,52,867 crore. The total capital expenditure is estimated at 10,95,755 crore in RE 2025-26 as against 10,51,953 crore in the actuals of FY 2024-25.
5. The total expenditure in Budget Estimates (BE) 2026-27 is estimated at 53,47,315 crore of which total capital expenditure is 12,21,821 crore and effective capital expenditure is 17,14,523 crore.
6. Total resources being transferred to the States including the devolution of State’s share, Grants/Loans and releases under Centrally Sponsored Schemes, etc. in BE 2026-27 is 25,43,769 crore, which shows an increase of 3,78,263 crore over Actuals of FY 2024-25.
