Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026 in Parliament on February 1. 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. Also read | Budget 2026-27 LIVE 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 visual breaks down government expenditure and income. 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 Income Money received by the government as taxes, credit and more available for spending Tax Revenue Corporation Tax Taxes on Income ₹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 Customs ₹2,71,200 cr Import duties, export duties, cesses on exports, sale proceeds of confiscated goods Excise Duties ₹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 GST Tax from UT ₹10,256 cr Taxes from land revenue, stamps and registration, state excise, taxes on vehicles, goods and passengers Other taxes Non-Tax Revenue Interest receipts ₹41,763 cr Loan interest money from States, UTs, public sector enterprises, Port Trusts and other Statutory Bodies, Cooperatives, Government Servants etc Dividends and Profits External Grants UT receipts ₹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. Other Non-Tax Revenue Capital receipts Debt receipts ₹16,63,066 cr Borrowings from market loans, treasury bills and bonds, state provident funds, multilateral organisations, foreign governments Non-Debt receipts ₹1,18,397 cr Recovery of money loaned to State governments, UTs, public sector enterprises, money from equity investments Cash Balance Expenditure Money spent on infrastructure, schemes, repayments and more Centre’s Expenditure Establishment expense Central schemes ₹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 Others Interest Payments Transfers Centrally sponsored schemes Devolution of taxes to states Finance Commission Grants ₹1,29,397 cr Grants include money sent to urban and rural local bodies, the health sector, disaster management bodies Others NCCF/NDRF CapitalExpenditure Deficit The difference between government expenditure and revenue Market Borrowings (G-sec) Short term Borrowing Securities against SmallSavings State Provident Funds Other Receipts External Debt Cash Balance Published – February 01, 2026 05:55 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation Union Budget: Not so poll-driven, but signals focus on global headwinds 33rd Sri Raghavendra Sapthaha Mahotsava in Coimbatore from February 18