Union Budget 2026: What’s Happening At Center?
One of the biggest highlights is capital expenditure, which has been allocated nearly ₹11.1 lakh crore.;
The central government has announced the launch of the new budget 2026 and here’s a look into the same. The ongoing Budget Session of Parliament has focused heavily on debating the Union Budget and its key allocations, with detailed discussions on how government spending will shape the economy in the coming year.
The Finance Minister has proposed a total expenditure of around ₹47 lakh crore, reflecting the government’s intent to continue growth oriented spending while keeping fiscal discipline in check. The fiscal deficit target has been set close to 5 percent of GDP, signaling a gradual consolidation path.
One of the biggest highlights is capital expenditure, which has been allocated nearly ₹11.1 lakh crore. This massive outlay is aimed at strengthening infrastructure such as highways, railways, ports and urban transport.
The railways alone have received about ₹2.6 lakh crore to improve connectivity, safety and modernization. Defence allocation stands at around ₹6.2 lakh crore, underlining the focus on national security and indigenous manufacturing.
Social sector spending has also seen notable support. Education has been allocated approximately ₹1.25 lakh crore, while healthcare has received close to ₹90,000 crore to improve hospitals, medical colleges and public health programs. Agriculture and allied sectors have been earmarked around ₹1.5 lakh crore to support farmers and rural development.
Overall, the budget numbers reflect a clear push towards infrastructure led growth, social welfare and long term economic stability.