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
Fiscal
Union Budget at a Glance
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₹53.47L cr
Total expenditure · FY 2026-27
₹36.52L cr
Total receipts · FY 2026-27
₹16.96L cr
Fiscal deficit (4.40% of GDP)
4.40%
Deficit target · % of GDP
Fiscal deficit trajectory · % of GDP
Top sector allocations · FY 2026-27 · Budget Estimate
Saffron bar = largest line item. X-axis in ₹ lakh crore.
YoY change · FY 2026-27 vs FY 2025-26
SectorFY 2025-26FY 2026-27Change% of total
States₹13.25L cr₹14.22L cr+7.3%26.6%
Interest₹12.28L cr₹12.76L cr+3.9%23.9%
Defence₹6.81L cr₹6.81L cr-0.0%12.7%
Roads₹2.72L cr₹2.72L cr0.0%5.1%
Railways₹2.55L cr₹2.55L cr-0.1%4.8%
Home₹2.33L cr₹2.33L cr-0.1%4.4%
Food subsidy₹2.03L cr₹2.03L cr-0.2%3.8%
Rural dev₹1.89L cr₹1.89L cr+0.1%3.5%
Fertiliser₹1.68L cr₹1.68L cr+0.1%3.1%
Agriculture₹1.38L cr₹1.37L cr-0.5%2.6%
Education₹1.29L cr₹1.28L cr-0.5%2.4%
Health₹99,859 cr₹99,000 cr-0.9%1.9%
Union Budget FY 2026-27 projects a fiscal deficit of ₹16.96L cr 4.40% of GDP. The three largest line items are States (₹14.22L cr), Interest (₹12.76L cr), and Defence (₹6.81L cr).