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BJP National President Nitin Nabin on Sunday stated that the Union Budget 2026 is a testament to the commitment to achieve the goal of "Viksit Bharat 2047."
Speaking to ANI, he hailed Union Finance Minister Nirmala Sitharaman for presenting the ninth consecutive budget to the nation. "I wholeheartedly welcome this budget, which has been prepared in the spirit of duty and responsibility, reflecting the vision of Prime Minister Narendra Modi. The fact that Nirmala Sitharaman has presented her ninth consecutive budget is a symbol of the Indian government's policy sustainability and good governance... "he said. He stated that PM Modi's vision of "Sabka Sath Sabka Vikas" is evident throughout the budget, and added, "We have seen how the Prime Minister's guiding principle of 'Sabka Saath, Sabka Vikas' is evident throughout this budget. Furthermore, this budget is a testament to the commitment to achieving the dream of a developed India by 2047." Moreover, the BJP National President said that the budget is youth-driven and is focused on infrastructure growth and reflects Mahatma Gandhi's vision of Gram Swaraj. "This budget demonstrates the depth and comprehensiveness of our approach... I believe this is a youth-driven budget. It focuses on infrastructure growth and efforts to boost manufacturing units, creating new employment opportunities... This budget also reflects Mahatma Gandhi's vision of Gram Swaraj. This initiative will benefit our weavers and small-scale cottage industries, and it is a significant step towards strengthening employment in rural areas..." he added. The Budget for 2026-27 estimates the non-debt receipts and the total expenditure to be at Rs 36.5 lakh crore and Rs 53.5 lakh crore, respectively. The Centre's net tax receipts are estimated at Rs 28.7 lakh crore. The gross market borrowings are estimated at Rs 17.2 lakh crore, and the net market borrowings from dated securities are estimated at Rs 11.7 lakh crore. The Revised Estimates (RE) of the non-debt receipts are Rs 34 lakh crore, of which the Centre's net tax receipts are Rs 26.7 lakh crore. The Revised Estimate of the total expenditure is Rs 49.6 lakh crore, of which the capital expenditure is about Rs 11 lakh crore. The fiscal deficit in BE 2026-27 is estimated to be 4.3 per cent of GDP. In RE 2025-26, the fiscal deficit has been estimated at par with the BE of 2025-26 at 4.4 per cent of GDP. The debt-to-GDP ratio is estimated to be 55.6 per cent of GDP in BE 2026-27, compared to 56.1 per cent of GDP in RE 2025-26. (ANI)
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