Uttar Pradesh Tables Record Rs 9.12 Lakh Crore Budget for 2026-27

The Uttar Pradesh government presented a record Rs 9.12 lakh crore budget for the financial year 2026-27 in the state assembly in Lucknow on Wednesday, marking the largest outlay in the state's history and the final full budget before the 2027 assembly elections.

Finance Minister Suresh Kumar Khanna tabled the budget, which emphasizes infrastructure, industrial growth, and social welfare. Capital expenditure constitutes 19.5 percent of the total, aligning with the fiscal deficit limit of three percent recommended by the 16th Finance Commission. Allocations for education stand at 12.4 percent, health at six percent, and agriculture and allied sectors at nine percent of the overall budget.

In infrastructure and industrial development, the government proposed Rs 27,103 crore, a 13 percent increase from the previous year. This includes Rs 5,000 crore for the Chief Minister Industrial Area Expansion and New Industrial Area Promotion Scheme to boost manufacturing hubs. Another Rs 1,000 crore targets implementation of the 2023 incentive policy to attract foreign direct investment and investments from Fortune 500 companies. For micro, small, and medium enterprises, Rs 3,822 crore has...