Budget 2026-27
| Indicator | 2004-05 | 2008-09 | 2013-14 | 2021-22 | 2025-26 | 2026-27 (targeted) |
|---|---|---|---|---|---|---|
| Nominal GDP | 14% | 20% | 8% | |||
| Fiscal Deficit | 4.3% (GDP) | |||||
| Govt liabilities | ₹ 56.51 lakh crores | ₹ 214.8 lakh crores | ||||
| Revenue Expenditure | - 81% (total budget) - | - 72% (total budget) | ||||
| Capital Expenditure | - 23% (total budget) - ₹12.2 lakh crores | |||||
| Interest payments | - ₹14.04 lakh crore - 9.7% increase from last budget - 20p for every ₹1 spent | |||||
| Private Final Consumption Expenditure | - 57.1% (GDP) | - 56.3% (GDP) |
Challenges the budget ignored
- A colossal portion of our fresh borrowing is not financing development but merely used to recycle the past debt and crowd out private investment in search of capital from the market.
- The capex push reaching Rs. 12.2 lakh crore rupees, designed to crowd in private investment, a strategy that has failed, as the demand base did not exist
- The household budgets are squeezed by high inflation, low wage growth, and unemployment among the educated youth.
