Budget 2026 News

The government has set a longer-term objective of transforming the state into a $500 billion economy by 2036

The finance ministry will begin a month-long series of pre-budget meetings from October 12 as part of the preparations for Union Budget 2027-28.

The Vijay-led Tamilaga Vettri Kazhagam government unveiled a welfare-focused maiden Budget with allocations for poll promises, an AI city and farm loan waivers, while retaining fiscal discipline.

The Supplementary Budget allocates higher spending for industrial development, agriculture, energy and infrastructure, taking Uttar Pradesh's total FY27 Budget to over ₹9.71 trillion

Swapan Dasgupta presents a Rs 4.38 trillion Budget centred on infrastructure, industrialisation, targeted welfare and closer alignment with central government initiatives

While presenting the Budget on Monday, Finance Minister Swapan Dasgupta said that the 118-year-old institution was on the verge of closure due to several legal hurdles

The Budget Estimates in 2026-27 of ₹1,03,700 crore is ₹3,700 crore higher than the ₹1,00,000 crore BE in 2025-26, an increase of 3.7 per cent

CM Rekha Gupta also announced the formulation of a drone policy, allocating ₹1 crore as a fund to attract investments and support startups and manufacturing.

The revenue receipts are estimated at ₹40,361 crore in 2026-27, while revenue expenditure is expected at ₹46,938 crore, and the total deficit is pegged at ₹6,755 crore

As per the document, revenue receipts for 2026-27 have been estimated at ₹6,16,098 crore, while revenue expenditure is pegged at ₹6,56,651 crore, resulting in a revenue deficit of ₹40,552 crore

In a post-Budget webinar, PM Modi said the government has sharply increased capital expenditure over the past decade, focusing on infrastructure growth and the creation of new opportunities

The capital outlay in 2025-26 was originally estimated at ₹43,162.23 crore, but was subsequently revised downward

Announced in the Union Budget 2026-27, the SHE Mart initiative aims to empower rural women by establishing community-owned retail outlets managed by women SHGs

Madhya Pradesh has presented a ₹4.38 trillion Budget for 2026-27, with major allocations for farmers, women, rural development and infrastructure, while avoiding new taxes

The finance minister announced a special provision of ₹3,600 crore for the mega religious event Simhastha Kumbh to be held in Ujjain in 2028

In 2025-26, the government had allocated ₹45,661 crore, he said while presenting the Agriculture Budget in the State Assembly

Madhya Pradesh's Economic Survey forecasts 11.14% GSDP growth, rising per capita income and broad-based gains across sectors, while keeping the fiscal deficit at 4.6% for 2025-26

The Union Budget 2026 proposal for a high-level banking reforms committee comes as the RBI strengthens its internal regulatory review process, sharpening focus on coordination across regulators

Speaking at the start of the Budget Session of the Assembly, the governor said he would not read paragraph 3 to 16 of the prepared speech

From SME funding and services-led growth to tax tweaks and tourism, Nirmala Sitharaman's record ninth Budget signalled where public spending and policy are headed in FY27