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Union Budget 2026 LIVE: Finance Minister Nirmala Sitharaman Ninth Budget Today All Updates
Union Budget 2026 live updates bringing every key announcement as Finance Minister Nirmala Sitharaman presents the Budget.
Union Budget 2026 Live Updates: The government has proposed cutting the customs tariff on all dutiable goods imported for personal use from 20% to 10%. The move is expected to reduce costs for individuals and encourage personal imports.
Finance Minister Nirmala Sitharaman told Parliament that the government has met its fiscal consolidation target announced in 2021–22 by bringing the fiscal deficit below 4.5% of GDP by 2025–26. The revised estimate for FY 2025–26 pegs the fiscal deficit at 4.4% of GDP, in line with budget projections. For FY 2026–27, the deficit is projected to decline further to 4.3% of GDP.
The Income Tax Act, 2025, will come into force from April 1, with the rules and income tax return forms set to be notified soon.
The Finance Minister also reinforced the government’s focus on public investment, proposing to raise capital expenditure to Rs 12.2 lakh crore in FY 2026–27.
The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to the Union Budget presented by Nirmala Sitharaman.
Despite the impact of steep tariffs imposed by former US President Donald Trump, India’s economy has remained resilient. Economic growth is projected at 7.4% for the year ending March 31, driven by higher infrastructure spending and tax cuts on income and consumption that have supported consumer demand.
Earlier this week, Sitharaman tabled the Economic Survey of India for 2025–26 in Parliament. Considered the government’s official annual assessment of the economy, the survey provides a detailed, data-driven review of economic performance over the past year and outlines the broad policy direction for the period ahead.
Live Updates
- 1 Feb 2026 11:16 AM ISTBudget 2026 LiveIndia’s disease burden is increasingly moving towards non-communicable diseases, Finance Minister Nirmala Sitharaman said.
- 1 Feb 2026 11:11 AM ISTBudget 2026 Live | Budget 2026 Powered by ‘Yuva Shakti’Budget 2026 is driven by the strength of ‘Yuva Shakti’, Finance Minister Nirmala Sitharaman said.
- 1 Feb 2026 10:50 AM IST
FY27 Budget: Important Numbers to Keep an Eye On
Here are some key figures to watch in the upcoming Union Budget:
Fiscal Deficit: For the current financial year (April 2025 to March 2026 or FY26), the fiscal deficit — the gap between government spending and income — is projected at 4.4% of GDP.
Capital Expenditure: The government has budgeted capital spending at Rs 11.2 lakh crore for this year. A continued strong push towards capital expenditure is expected in the next Budget as well.
Debt Roadmap: In her 2024–25 Budget speech, the Finance Minister had announced that from 2026–27 onwards, fiscal policy would aim to keep the fiscal deficit at levels that put central government debt on a downward trajectory as a share of GDP.
Tax Revenue: The 2025–26 Budget estimated gross tax collections at Rs 42.70 lakh crore, reflecting an 11% increase compared to FY25.
Nominal GDP: Nominal GDP growth for FY26 — which includes real growth and inflation — was estimated at 10.1%, while the National Statistical Office (NSO) projected real GDP growth at 7.4%.
- 1 Feb 2026 10:48 AM IST
Budget 2026: Union Cabinet Clears Budget for FY 2026–27
Finance Minister Nirmala Sitharaman is set to present the Union Budget for the financial year 2026–27 in the Lok Sabha during the ongoing Budget Session of Parliament.
As per the official List of Business, the House will convene at 11 am, when the Finance Minister will place before Parliament the details of the Government of India’s estimated receipts and expenditure for 2026–27.
She will also table two important documents required under Section 3(1) of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003. These include the Medium-Term Fiscal Policy-cum-Fiscal Policy Strategy Statement and the Macro-Economic Framework Statement, which provide a clear picture of the government’s fiscal plans and overall economic outlook.
