Union Budget 2026-27 and State Budgets of India

How the Union Government raises and spends money, and the budgets of all 28 States: total spending, capital outlay, fiscal deficit, own tax revenue and each State's share of central taxes.

Union Budget 2026-27 at a glance (Rs crore)

Item	2024-25 Actual	2025-26 BE	2025-26 RE	2026-27 BE
Revenue Receipts	30,36,613	34,20,409	33,42,323	35,33,150
Tax Revenue (Net to Centre)	25,00,039	28,37,409	26,74,661	28,66,922
Non Tax Revenue	5,36,580	5,83,000	6,67,662	6,66,228
Capital Receipts	16,16,249	16,44,936	16,22,519	18,14,165
Recovery of Loans	24,617	29,000	30,190	38,397
Other Receipts	17,202	47,000	33,837	80,000
Borrowings and Other Liabilities	15,74,431	15,68,936	15,58,492	16,95,768
Total Receipts (1+4)	46,52,867	50,65,345	49,64,842	53,47,315
Total Expenditure (10+13)	46,52,867	50,65,345	49,64,842	53,47,315
On Revenue Account	36,00,914	39,44,255	38,69,087	41,25,494
Interest Payments	11,15,575	12,76,338	12,74,338	14,03,972
Grants in Aid for creation of capital assests	2,72,656	4,27,192	3,08,151	4,92,702
On Capital Account	10,51,953	11,21,090	10,95,755	12,21,821
Effective Capital Expenditure (12+13)	13,24,609	15,48,282	14,03,906	17,14,523
Revenue Deficit (10-1)	5,64,296	5,23,846	5,26,764	5,92,344
Effective Revenue Deficit (15-12)	2,91,640	96,654	2,18,613	99,642
Fiscal Deficit [9-(1+5+6)]	15,74,431	15,68,936	15,58,492	16,95,768
Primary Deficit (17-11)	4,58,856	2,92,598	2,84,154	2,91,796

Source: Union Budget documents, Budget at a Glance. Every ministry's spending on the Budgets page

State budgets 2024-25 (BE) & 2023-24 (RE)

State	Total budget	Capital outlay share	Fiscal deficit (% of GSDP)	Share of central taxes
Andhra Pradesh	Rs 2,94,427 crore	11.0%	3.65%	Rs 48,800 crore
Arunachal Pradesh	Rs 35,340 crore	26.0%	3.8%	Rs 19,400 crore
Assam	Rs 1,43,890 crore	16.3%	3.1%	Rs 36,500 crore
Bihar	Rs 2,78,725 crore	13.9%	2.98%	Rs 1,17,115 crore
Chhattisgarh	Rs 1,47,500 crore	16.4%	3.15%	Rs 40,100 crore
Goa	Rs 26,855 crore	21.6%	2.45%	Rs 4,200 crore
Gujarat	Rs 3,32,465 crore	21.8%	1.72%	Rs 40,498 crore
Haryana	Rs 1,89,876 crore	14.1%	2.85%	Rs 12,800 crore
Himachal Pradesh	Rs 58,444 crore	12.7%	4.1%	Rs 9,800 crore
Jharkhand	Rs 1,28,900 crore	20.0%	3.12%	Rs 38,400 crore
Karnataka	Rs 3,71,383 crore	14.9%	2.95%	Rs 42,466 crore
Kerala	Rs 1,84,327 crore	8.1%	3.4%	Rs 22,415 crore
Madhya Pradesh	Rs 3,65,067 crore	17.7%	3.48%	Rs 95,752 crore
Maharashtra	Rs 6,00,522 crore	14.2%	2.32%	Rs 73,555 crore
Manipur	Rs 34,899 crore	19.5%	4.2%	Rs 8,400 crore
Meghalaya	Rs 27,072 crore	19.2%	3.85%	Rs 8,900 crore
Mizoram	Rs 14,209 crore	19.7%	3.5%	Rs 5,800 crore
Nagaland	Rs 23,727 crore	17.3%	3.65%	Rs 6,400 crore
Odisha	Rs 2,65,000 crore	21.9%	2.95%	Rs 53,046 crore
Punjab	Rs 2,04,918 crore	7.1%	3.75%	Rs 21,000 crore
Rajasthan	Rs 3,48,500 crore	12.7%	3.98%	Rs 70,167 crore
Sikkim	Rs 14,492 crore	22.1%	3.2%	Rs 4,800 crore
Tamil Nadu	Rs 4,15,300 crore	11.9%	3.44%	Rs 47,496 crore
Telangana	Rs 2,91,159 crore	13.2%	3.25%	Rs 25,400 crore
Tripura	Rs 27,804 crore	16.2%	3.1%	Rs 8,200 crore
Uttar Pradesh	Rs 7,36,437 crore	21.0%	3.46%	Rs 2,08,882 crore
Uttarakhand	Rs 89,230 crore	17.3%	2.98%	Rs 13,200 crore
West Bengal	Rs 3,66,166 crore	10.1%	3.56%	Rs 87,598 crore

Compiled from State Budget Books (Demands for Grants) & RBI State Finances Study; figures as compiled, not a live feed.

Latest tax devolution releases to States

Date	Release	Total to States
1 Aug 2026	Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and developmental expenditure	Rs 1,09,019 crore
1 Oct 2025	In view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure, Union Government releases tax devolution of ₹1,01,603 crore to State Governments, as one advance instalment of tax devolution	Rs 1,01,603 crore
10 Jan 2025	Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expenditures	Rs 1,73,030 crore
10 Oct 2024	Union Government releases tax devolution of ₹1,78,173 crore to State Governments, including one advance instalment of ₹89,086.50 crore in addition to regular instalment due in October, 2024	Rs 1,78,175 crore
10 Jun 2024	Centre releases Rs. 1,39,750 crore installment of Tax Devolution to States	Rs 1,39,751 crore
29 Feb 2024	Union Government releases another additional installment of tax devolution of Rs. 1,42,122 crore to strengthen hands of State Governments for financing various social welfare measures and infrastructure development schemes	Rs 1,42,122 crore
7 Nov 2023	Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th November	Rs 72,961 crore
12 Jun 2023	Central Government releases ₹1,18,280 crore as 3rd instalment of tax devolution to State Governments as against normal monthly devolution of ₹59,140 crore	Rs 1,18,280 crore

Covers the instalments announced through press releases (extra or advance instalments, and some regular ones). Regular monthly instalments without a release are not included, so yearly sums here are not the full year's devolution.