Budget 2026: Key Announcements

Finance Minister Nirmala Sitharaman in Budget 2026 projected a fiscal deficit of 4.3% of GDP for FY27. The government aims for a debt-to-GDP ratio of approximately 50±1% by 2030-31, reducing interest payments and allowing more funds for priority sectors.

After a year of stagnant investment growth, the government is re-accelerating its infrastructure push to ensure the 2047 development goals remain on track.

Union Budget 2026 Speech Highlights LIVE: Finance Minister Nirmala Sitharaman announced a host of measures to push India's Viksit Bharat vision forward. Notably, there were no changes announced to income-tax slabs. Follow LiveMint's blog for all the latest updates on the Union Budget 2026-27.

The customs duty exemptions aim to reduce costs and enhance competitiveness in domestic energy storage and nuclear power sectors.

The finance minister announced major income tax reforms last year. However, this year, the govt has kept the tax slabs unchanged. The existing tax slabs will continue to apply for FY2026-2027, which means the income ranges and the taxes applied to them remain unchanged.

The Union Budget for FY27 proposed removing the TAN requirement for residents buying property from NRIs and routing TDS payments through the buyer’s PAN-based challan.

Union Budget 2026: Income tax again took centre stage as taxpayers expected income relief, a simpler tax structure and other benefits while Finance Minister Nirmala Sitharaman presented the Budget 2026. Here's how India's income tax compares with major economies such as the US and the UK.

By linking existing datasets and research-backed practices, Bharat Vistaar is expected to address gaps in information dissemination, particularly for small and marginal farmers who often lack access to timely and reliable advisory services.

The budget for 2026-27 has earmarked ₹95,692 crore for VB-G RAM G, and has set aside ₹30,000 crore for the outgoing MGNREGA.