Haryana Chief Minister Nayab Singh Saini unveiled the state Budget for 2026-27, highlighting seven key pillars focused on disciplined financial management and increased capital investment. Saini stressed the importance of maintaining a low fiscal deficit, citing a significant reduction from 2014 to 2024. The government aims to keep the fiscal deficit below three percent of the GDP, in line with the Fiscal Responsibility and Budget Management Act, 2003.
The Chief Minister, also serving as the Finance Minister, revealed that the fiscal deficit decreased from 2.88 percent of GDP in 2014-15 to 2.83 percent in 2024-25. The government’s target is to further reduce it to 2.67 percent. Saini emphasized the administration’s commitment to financial discipline since 2014, with the fiscal deficit projected to be contained at 2.65 percent in 2026-27, well within the statutory limit.
Underlining the government’s focus on asset creation, Saini pointed out a substantial increase in capital expenditure over the years. Capital expenditure has seen a steady rise, with a proposed allocation of Rs 28,205 crore for 2026-27, marking 12.6 percent of the total budget. Effective capital expenditure has also shown significant growth, reaching Rs 35,216 crore for 2026-27, representing 15.7 percent of the total outlay.
Addressing the revenue deficit, Saini highlighted a notable reduction from 2014-15 to 2024-25, with further targets set for 2026-27. The effective revenue deficit has seen a decline over the years, reflecting sustained fiscal consolidation efforts by the government.
