For 2026-27, non-debt receipts are projected at ₹36.5 lakh crore and total expenditure at ₹53.5 lakh crore, with net tax receipts estimated at ₹28.7 lakh crore. In comparison, 2025-26 revised estimates placed non-debt receipts at ₹34 lakh crore and net tax receipts at ₹26.7 lakh crore, while total expenditure stood at ₹49.6 lakh crore, including around ₹11 lakh crore in capital spending.
Gross market borrowings for 2026-27 are estimated at ₹17.2 lakh crore, with net borrowings at ₹11.7 lakh crore. The fiscal deficit is projected at 4.3% of GDP, slightly lower than 4.4% in 2025-26, while the debt-to-GDP ratio is expected to ease to 55.6%.
This interactive visualization lets you explore the breakdown of government expenditure, income, and the crucial bottom line: the deficit or surplus. Use the buttons below to explore this flow chart.
Budget Explained
2026 Breakdown
Money received by the government as taxes, credit and more available for spending
₹14,66,000 cr
Incomes of individuals, firms etc other than companies identified under the Companies Act, 2013. Late fees, penalties and taxes on purchase of securities are other components
₹2,71,200 cr
Import duties, export duties, cesses on exports, sale proceeds of confiscated goods
₹3,88,910 cr
Taxes levied on products considered harmful (cigarettes, tobacco etc.), cesses on products levied by different government departments, a component for disaster relief and more
₹10,256 cr
Taxes from land revenue, stamps and registration, state excise, taxes on vehicles, goods and passengers
₹41,763 cr
Loan interest money from States, UTs, public sector enterprises, Port Trusts and other Statutory Bodies, Cooperatives, Government Servants etc
₹1,765 cr
Money received by UTs from administrative services, sale of timber and forest produce, receipts from Chandigarh Transport Undertaking and receipts from Shipping, Tourism and Power.
₹16,63,066 cr
Borrowings from market loans, treasury bills and bonds, state provident funds, multilateral organisations, foreign governments
₹1,18,397 cr
Recovery of money loaned to State governments, UTs, public sector enterprises, money from equity investments
Money spent on infrastructure, schemes, repayments and more
₹17,71,928 cr
Expenses incurred on insuring crops, agricultural and animal husbandry loans, MSP and non-MSP procurement, pulse distribution to States and more
₹1,29,397 cr
Grants include money sent to urban and rural local bodies, the health sector, disaster management bodies
The difference between government expenditure and revenue
