Paper I · 6 Indian Economy & Planning · 6.3.2 Union Budget and Economic Survey

6.3.2.4 Union Budget 2026-27: fiscal numbers and tax changes

Budget 2026-27 lowered the fiscal deficit target to 4.3% of GDP, raised capital expenditure to about Rs 12.2 lakh crore, and made no change to income-tax rates, with the debt anchor now guiding the fiscal path.

  • APPSC Paper I · Paper I
  • Advanced level
  • 5 min read
  • Full course

Key terms

  • Budget 2026-27
  • fiscal deficit 4.3%
  • debt-to-GDP
  • capital expenditure
  • Income-tax Act 2025
  • tax year
  • securities transaction tax
  • miscellaneous capital receipts
  • Sixteenth Finance Commission

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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