Vol. 02 · Union Budget 2026-27 · thepublicrupee.com · Radical Transparency Edition · 17 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

Updated 1 February 2026

Primary documents

The Union Budget is published at indiabudget.gov.in on Budget Day (February 1st each year). The key documents we use:

Budget at a Glance — one-page summary of total receipts, expenditure, deficit. Our KPI figures come from here.

Receipt Budget (Annex 4) — itemised breakdown of all revenue and capital receipts. Our sources chart comes from Statement 2 of this document.

Expenditure Profile — ministry-wise breakdown of total expenditure. Our spending chart comes from here.

Demands for Grants — the granular document, one per ministry. Scheme-level figures come from here.

Statement of Devolution — state-wise breakdown of tax devolution. Our states data comes from this statement.

How we read the numbers

All figures on this site are Budget Estimates (BE) unless explicitly noted as Revised Estimates (RE) or Actuals.

The distinction matters:

  • BE is what Parliament approves in February
  • RE is the mid-year revision (usually December), the most accurate forecast of actual spend
  • Actuals come from the Controller General of Accounts, published ~6 months after year-end

Our scheme utilisation figures use RE/BE as the utilisation ratio, which is the standard CAG methodology.

Caveats

  • Figures for FY 2026-27 are Budget Estimates and will be revised
  • State devolution totals may differ slightly from state budget documents due to timing of releases
  • Defence figures exclude classified procurement
  • Off-budget borrowings (FCI, NHAI) are not included in the headline deficit figure