India, Feb. 1 -- The Government of India has issued a release:
While presenting the Union Budget 2026-27in Parliament today, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman stated, "Government has been delivering onfiscal commitments consistently without compromising on social needs." In line with this, the debt-to-GDP ratio is estimated to be 55.6 percent of GDP in BE 2026-27, compared to 56.1 percent of GDP in RE 2025-26. A declining debt-to-GDP ratio will gradually free up resources for priority sectorexpenditure by reducing the outgo on interest payments.
Fiscal Deficit
While speaking about Fiscal deficit, one of the main operational instruments for debt targeting, Smt. Sitharaman informedthe parliament tha commitment made in FY 2021-22 to reduce fiscal deficit below 4.5 percent of GDP by 2025-26 has been fulfilled. In RE 2025-26, the fiscal deficit has been estimated at par with BE of 2025-26 at 4.4 percent of GDP. In line with the new fiscal prudence path of debt consolidation, the fiscal deficit in BE 2026-27 is estimated to be 4.3 percent of GDP."
Revised Estimates (RE) 2025-26.
The Finance Minister informedthat," The RE of the non-debt receipts are Rs.34 lakh crore of which the Centre's net tax receipts are Rs.26.7 lakh crore. The Revised Estimate of the total expenditure is Rs.49.6 lakh crore, of which the capital expenditure is about Rs.11 lakh crore."
Budget Estimates (BE) 2026-27
The Union Finance Minister stated that, "The non-debt receipts and the total expenditure are estimated as Rs.36.5 lakh crore and Rs.53.5 lakh crore respectively. The Centre's net tax receipts are estimated at Rs.28.7 lakh crore."
Gross Market Borrowings
The Union Finance Ministersaid that "To finance the fiscal deficit, the net market borrowings from dated securities are estimated at Rs.11.7 lakh crore. The balance financing is expected tocome from small savings and other sources. The gross market borrowings are estimated at Rs.17.2 lakh crore."
Disclaimer: Curated by HT Syndication.
