Vol. 02 · Union Budget 2026-27 · thepublicrupee.com · Radical Transparency Edition · 25 April 2026

The Public Rupee

A sovereign ledger for a republic of 1.4 billion — every rupee collected, every rupee spent, traced to the document.

Total Expenditure BE 2026-27

₹53.47L Cr

Fiscal Deficit

₹16.96L Cr

4.4% of GDP

RECEIPTS ₹36.52L CR ▲ 7.2%EXPENDITURE ₹53.47L CR ▲ 7.7%FISCAL DEFICIT ₹16.96L CR · 4.4% GDPSTATES SHARE ₹26.21L CR · 41% DEVOLUTIONINTEREST PAYMENTS ₹13.35L CR · LARGEST LINE ITEMGROSS BORROWING ₹15.68L CRRBI SURPLUS ₹2.69L CR TRANSFERREDCAPEX ₹11.21L CR ▲ 10.1%DEFENCE ₹6.97L CRINCOME TAX ₹11.23L CR ▲ 14.4%CORPORATION TAX ₹9.63L CR ▲ 10.8%GST ₹10.75L CR ▲ 11.0%SUBSIDIES ₹5.06L CRPM-KISAN ₹68,000 CR · 9.3 CR FARMERSRECEIPTS ₹36.52L CR ▲ 7.2%EXPENDITURE ₹53.47L CR ▲ 7.7%FISCAL DEFICIT ₹16.96L CR · 4.4% GDPSTATES SHARE ₹26.21L CR · 41% DEVOLUTIONINTEREST PAYMENTS ₹13.35L CR · LARGEST LINE ITEMGROSS BORROWING ₹15.68L CRRBI SURPLUS ₹2.69L CR TRANSFERREDCAPEX ₹11.21L CR ▲ 10.1%DEFENCE ₹6.97L CRINCOME TAX ₹11.23L CR ▲ 14.4%CORPORATION TAX ₹9.63L CR ▲ 10.8%GST ₹10.75L CR ▲ 11.0%SUBSIDIES ₹5.06L CRPM-KISAN ₹68,000 CR · 9.3 CR FARMERS

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CGAFiscalCPIPricesGSTTaxGDPProductionMPCMonetaryForexMonetaryBudgetFiscalIIPProductionTradeTradePLFSLabourMinistriesFiscalReceiptsFiscal
Production
Quarterly GDP Estimates
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+7.8%
Real GDP growth · Q3 FY25-26
+7.8%
Trailing 4-quarter average
+22.6%
Highest (on record)
-23.1%
Lowest (on record)
Quarterly real GDP growth · YoY at constant prices
The −23.1% in Q1 FY20-21 reflects the national COVID-19 lockdown (Apr–Jun 2020); the +22.6% in Q1 FY21-22 is the base-effect recovery.
Quarter-by-quarter · last 5 fiscal years overlaid
In Q3 FY25-26, real GDP grew +7.8% year-on-year at constant prices. Trailing 4-quarter average: +7.8% · full-series range: -23.1% to +22.6%.