Budget 2026: LRS TCS Rate Cut to 2%, STT Hikes on F&O, Fiscal Deficit Targets Set
Budget
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Moneycontrol•01-02-2026, 14:13
Budget 2026: LRS TCS Rate Cut to 2%, STT Hikes on F&O, Fiscal Deficit Targets Set
- •The Budget for FY 2026-27 was presented on February 1, with the Finance Minister outlining steps towards a developed India.
- •Public capital expenditure has been increased to ₹12.2 lakh crore for the year 2026–27.
- •Fiscal deficit target set at 4.3% for FY 2026-27, with an estimated 4.4% for the current FY 2025-26.
- •The debt-to-GDP ratio is projected to be 55.6% of GDP in FY 2026-27.
- •Focus on 'Atmanirbhar Bharat' through domestic manufacturing, energy security, and reducing import dependence, alongside efforts for employment generation and agricultural productivity.
Why It Matters: Budget 2026 focuses on fiscal discipline, increased capital expenditure, and 'Atmanirbhar Bharat' initiatives.
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