Budget 2026: Record 53.5 Lakh Crore Spending Despite No Major Announcements
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News18•01-02-2026, 14:51
Budget 2026: Record 53.5 Lakh Crore Spending Despite No Major Announcements
- •Finance Minister Nirmala Sitharaman delivered a shorter budget speech with no major announcements for income tax, pensions, or new middle-class schemes.
- •Despite the perceived lack of direct benefits, Budget 2026 proposes a record expenditure of 53.5 lakh crore rupees, the highest ever.
- •This year's estimated expenditure is approximately 4 lakh crore rupees more than the revised expenditure of 49.6 lakh crore rupees from the previous year.
- •The government expects to raise 36.5 lakh crore rupees without debt, with 28.7 lakh crore rupees from net tax collection.
- •Fiscal deficit is projected at 4.3 percent of GDP for 2026-27, down from the revised 4.4 percent for 2025-26.
Why It Matters: Budget 2026 sets a new record for government spending at 53.5 lakh crore despite minimal new direct benefits.
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