UP Budget 2026–27: ₹9,12,696.35 crore, fiscal deficit 2.98%

What happened

• The Finance Minister presented a budget of ₹9,12,696.35 crore for 2026–27, 12.9 per cent above the 2025–26 budget of ₹8,08,736.06 crore. [UP Budget]
• Revenue expenditure is ₹6,64,470.55 crore; capital outlay is ₹1,77,744.12 crore. New schemes total ₹43,565.33 crore. [UP Budget]
• The fiscal deficit is estimated at ₹1,18,480.59 crore, 2.98 per cent of GSDP, with a revenue surplus of ₹64,457.57 crore. [UP Budget]

Background

• The speech says the fiscal deficit limit is kept at 3 per cent in line with the 16th Finance Commission, and debt-GSDP is targeted at 23.1 per cent in 2026–27 [UP Budget]. [UP Budget]
• Education gets 12.4 per cent and health 6 per cent of the budget; agriculture and allied services 9 per cent [UP Budget]. [UP Budget]

Why it matters

• A revenue surplus means borrowing goes to capital spending, which is the healthy pattern for a growing state.

Read all of February 2026 in the monthly UP current affairs compilation →