Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2026-2027
Union Budget 2026–27, presented in Parliament by Finance and Corporate Affairs Minister Nirmala Sitharaman, is first prepared in Kartavya Bhawan and structured around three kartavya for Viksit Bharat: growth, inclusion and resilience. Since 15 Aug 2025, 350+ reforms include GST simplification and labour code notification. Public capex rises to ₹12.2 lakh crore (BE 2026–27); ₹10,000 crore SME Growth Fund announced. DFC Dankuni–Surat and 20 National Waterways (from NW-5, Odisha) planned. Fiscal deficit targeted at 4.3% and debt-GDP 55.6%. New Income Tax Act, 2025 effective April 2026; TCS under LRS cut to 2%.
PIB



