Capex, Fiscal Deficit, Tax: Budget 2026 Explained In Numbers

Finance Minister Nirmala Sitharaman spoke for nearly one-and-a-half hours as she presented her ninth straight Union Budget today. This time, she broke with a 75-year tradition by using Part B of her speech to unveil a detailed vision for India's economic future.

We look at the Union Budget 2026 in numbers

Proposed capex: Rs 12.20 lakh crore

Finance Commission grants to states: Rs 1.40 lakh crore

For boosting semiconductors: Rs 40,000 crore

Small and medium enterprises (SMEs): Rs 10,000 crore

Self-Reliant India Fund: Rs 2,000 crore top-up

Biopharma Shakti: Rs 10,000 crore

Scheme for container manufacturing: Rs 10,000 crore

Carbon Capture Utilization and Storage (CCUS): Rs 20,000 crore

City Economic Regions: Rs 5,000 crore

Nominal fee of Rs 1,000 or Rs 5,000 proposed where revision of original or belated income tax return is made after December 31, depending on whether the income is up to or more than Rs 5 lakh.

New National Waterways: 20

High-speed rail corridors: 7

Investment limit for Individual Persons Resident Outside India (PROI) in domestic companies: 24 per cent

New Allied Health Professionals: 1 lakh

University Townships: 5

New reservoirs for fisheries: 500

Debt-to-GDP ratio: 55.6 per cent

FY27 fiscal deficit forecast: 4.3 per cent of GDP

Non-debt receipts expected: Rs 36.5 lakh crore

Total expenditure estimated: Rs 53.5 lakh crore

Gross market borrowings estimated: Rs 17.20 lakh crore

In her speech, the Finance Minister said India's economic trajectory has been marked by stability, fiscal discipline, sustained growth and moderate inflation since the current government came to power 12 years ago.

"This is the result of conscious choices we have made, even in times of heightened uncertainty and disruption. Our government, led by Hon'ble Prime Minister Modi, has decisively and consistently chosen action over ambivalence, reform over rhetoric and people over populism," she said.