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| State Government presents largest budget ever in the Assembly | | |  Early Times Report
LUCKNOW, Feb 11: Finance and Parliamentary Affairs Minister of Uttar Pradesh, Suresh Kumar Khanna, on Wednesday presented the Budget for the Financial Year 2026-27 of the Yogi Government in the Assembly. Presented on the theme " Nav Nirman Ke 9 Varsh", the total size of Budget 2026-27 is Rs 9,12,696.35 crore, which is approximately 12.9 percent larger than the financial year 2025-26.
In terms of size, the Yogi Government has presented the largest budget in its history so far. Finance Minister Suresh Kumar Khanna informed the House, "This budget is the result of the state's growing economic capacity, investment friendly environment and strong fiscal management. This budget not only reflects the economic strength of the state but also presents a clear roadmap for long term fiscal stability and sustainable development. Budget 2026-27 reflects the government's vision in which development, financial discipline and future preparedness have been given equal importance. The budget takes care of every section including Annadata Kisan, youth, women, students and others.
Priority to education, health and agriculture
The Finance Minister stated, 19.5 percent of the budget is provided for capital expenditure, which will give new momentum to infrastructure, industrial development, roads, energy and urban rural infrastructure. Capital investment will generate employment and strengthen economic activities. The Yogi Government has given prominent space to social sectors in the budget. Out of the total budget, 12.4 percent is allocated for education, 6 percent for health and medical services and 9 percent for agriculture and allied services. This clearly indicates that the government considers human resource development and enhancement of farmers' income as the core of development.
Fiscal deficit within 3 percent limit
He informed, in accordance with the recommendations of the 16th Central Finance Commission, the fiscal deficit limit for the FY 2026-27 is fixed at 3 percent, which will remain applicable till 2030-31. The government has made it clear that it will not compromise on fiscal discipline at any level.
He stated, "The fiscal deficit for the financial year 2026-27 is estimated at Rs 1,18,480.59 crore, which is 2.98 percent of the estimated Gross State Domestic Product (GSDP) of the state. This is within the prescribed limit of 3 percent and underlines the government's commitment to fiscal discipline. In the overall perspective, while Budget 2026-27 expands development oriented new schemes, it also makes a clear effort to maintain financial stability through revenue savings and a controlled fiscal deficit. |
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