Published: 6 February 2026PRS IndiaEconomy
Week 1 Budget Scorecard: Key Numbers — ₹53.5L Cr Expenditure, 4.3% Fiscal Deficit, ₹12.2L Cr Capex
A consolidated first-week scorecard of the Union Budget 2026-27 reveals: Total expenditure ₹53.5 lakh crore; fiscal deficit 4.3% of GDP; capex ₹12.2 lakh crore (+11.5%); effective capex ₹17.1 lakh crore. Sectoral highlights: Defence ₹7.85 lakh crore (+15.2%); Railways ₹2.78 lakh crore (+10%); MNRE ₹32,914 crore (+30.1%); PMAY-Rural ₹54,917 crore (+69%); PMGSY ₹19,000 crore (+73%).
New schemes: Biopharma SHAKTI ₹10,000 crore; CCUS ₹20,000 crore; ISM 2.0; SME Growth Fund ₹10,000 crore; seven high-speed rail corridors. Tax reforms: New Income Tax Act 2025 from April 1; MAT reduced to 14%; TCS uniformly 2%; personal imports duty halved to 10%. For Rajasthan: beneficiary through enhanced solar, PMGSY Phase-5, and trade deal benefits for textiles and gems exports.
0Mains angle
Q: Summarize the headline fiscal parameters and major sectoral allocations of the Union Budget 2026-27 captured in the first-week scorecard and comment on the capital expenditure orientation of the Budget.
Answer (50 words):
Union Budget 2026-27 projects total expenditure of ₹53.5 lakh crore and a fiscal deficit of 4.3 percent of GDP. Capital expenditure rises 11.5 percent to ₹12.2 lakh crore. Defence receives ₹7.85 lakh crore, up 15.2 percent; Railways ₹2.78 lakh crore; MNRE ₹32,914 crore, up 30.1 percent.
6-axis classification
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Frequently asked questions
What is the total expenditure in Union Budget 2026-27?
The **Union Budget 2026-27** set total expenditure at **₹53.5 lakh crore**, with a **fiscal deficit of 4.3% of GDP**. Capital expenditure (Capex) stands at **₹12.2 lakh crore** (+11.5%), and effective capex including state grants is **₹17.1 lakh crore**.
What are the major sectoral allocations in Budget 2026-27?
Key sectoral allocations: **Defence ₹7.85 lakh crore** (+15.2%); **Railways ₹2.78 lakh crore** (+10%); **MNRE ₹32,914 crore** (+30.1%); **PMAY-Rural ₹54,917 crore** (+69%); **PMGSY ₹19,000 crore** (+73%).
What new schemes were announced in Union Budget 2026-27?
New schemes include: **Biopharma SHAKTI** (₹10,000 crore); **CCUS** Carbon Capture scheme (₹20,000 crore); **ISM 2.0**; **SME Growth Fund** (₹10,000 crore); **seven high-speed rail corridors**; and a new **Rajasthan Testing Authority**.
What tax reforms were announced in Union Budget 2026-27?
Key tax reforms include the implementation of the **New Income Tax Act 2025** from April 1, 2026, and **MAT (Minimum Alternate Tax) reforms**. The budget also introduced measures for rationalisation of personal income tax slabs.
What is the fiscal deficit target in Union Budget 2026-27 and how does it compare to previous year?
The **fiscal deficit target is 4.3% of GDP** for 2026-27, reflecting a **glide path towards fiscal consolidation** from the 4.8% deficit of FY25. The total expenditure of **₹53.5 lakh crore** is the highest ever, balancing growth investment with deficit discipline.
