Chandigarh, March 2 || Haryana Chief Minister Nayab Singh Saini on Monday proposed a state budget of Rs 2.23 crore for 2026-27, a 10.28 per cent increase over the revised estimate of Rs 2.02 crore for 2025-26, with a focus on strengthening the rural economy.
He announced the creation of a third power distribution company, named Haryana Agri DISCOM, specifically designed to cater to the farming community.
Presenting his second budget, CM Saini, who also holds the Finance Department portfolio, said fiscal deficit is projected at Rs 40,293.17 crore, or 2.65 per cent of the Gross Domestic Product (GDP). “The revenue deficit is estimated at 0.87 per cent of the GDP, while the effective revenue deficit is pegged at 0.41 per cent. Capital expenditure is projected at 1.86 per cent, with effective capital expenditure estimated at 2.32 per cent,” he said in his budget speech in Hindi.
Donning a Sikh turban, the Chief Minister emphasised enhancing capital investment to accelerate infrastructure growth.
Capital expenditure is proposed at Rs 28,205 crore, accounting for 12.6 per cent of the total budget, while effective capital expenditure stands at Rs 35,216 crore, or 15.7 per cent of the budget. This enables an increase from Rs 27,650 crore in 2025-26, which was 13.6 per cent of the total budget.
The Chief Minister highlighted the state’s significant role in India’s growing economy, setting an ambitious goal for Haryana to achieve a one-trillion-dollar economy by 2047.
He said that for the first time in the state’s history, 98 per cent of the total budget was successfully utilised in the previous financial year.