India Budget Review

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Ministry of Finance

Budget 2026-27
₹19.73 lakh crore
36.9% of all spending
Actual 2024-25
₹17.73 lakh crore
−4.6% vs its budget

Includes interest on government debt, pensions and grants to states, which are paid through Ministry of Finance demands.

Spending each year

Outcome (actual, or revised where actuals aren't out yet) and the amount announced in each budget.

  • Outcome
  • Announced in the budget
  • Estimate (no actual yet)
0 Cr5.0L Cr10L Cr15L Cr20L Cr2005-062012-132019-202026-27Budget restructured0 Cr5.0L Cr10L Cr15L Cr20L Cr2002-032005-062008-092011-122014-152017-182020-212023-242026-27Budget restructured
Show as table
YearOutcomeAnnounced in the budget
2000-01₹1.54 lakh crore₹1.59 lakh crore (BE)
2001-02₹1.69 lakh crore₹1.79 lakh crore (BE)
2002-03₹1.96 lakh crore₹1.87 lakh crore (BE)
2003-04₹2.41 lakh crore₹2.01 lakh crore (BE)
2004-05₹2.32 lakh crore₹2.11 lakh crore (BE)
2005-06₹2.08 lakh crore₹2.10 lakh crore (BE)
2006-07₹2.45 lakh crore₹2.23 lakh crore (BE)
2007-08₹3.26 lakh crore₹2.94 lakh crore (BE)
2008-09₹3.34 lakh crore₹3.06 lakh crore (BE)
2009-10₹3.70 lakh crore₹3.90 lakh crore (BE)
2010-11₹4.24 lakh crore₹4.31 lakh crore (BE)
2011-12₹4.55 lakh crore₹4.65 lakh crore (BE)
2012-13₹5.00 lakh crore₹5.55 lakh crore (BE)
2013-14₹5.88 lakh crore₹6.30 lakh crore (BE)
2014-15₹6.10 lakh crore₹6.40 lakh crore (BE)
2015-16₹6.84 lakh crore₹6.80 lakh crore (BE)
2016-17₹7.14 lakh crore₹7.23 lakh crore (BE)
2017-18₹7.70 lakh crore₹7.40 lakh crore (BE)
2018-19₹8.35 lakh crore₹8.95 lakh crore (BE)
2019-20₹10.03 lakh crore₹10.06 lakh crore (BE)
2020-21₹11.42 lakh crore₹11.69 lakh crore (BE)
2021-22₹13.84 lakh crore₹13.86 lakh crore (BE)
2022-23₹14.94 lakh crore₹15.39 lakh crore (BE)
2023-24₹16.47 lakh crore₹16.90 lakh crore (BE)
2024-25₹17.73 lakh crore₹18.58 lakh crore (BE)
2025-26₹19.39 lakh crore (RE)₹19.39 lakh crore (BE)
2026-27–₹19.73 lakh crore (BE)

Expenditure Budget Vol. 1 Statement 2 (to 2016-17); Expenditure Profile Statement 3 (from 2017-18). Totals add up the ministry's departments.

Up to 2016-17 these totals include Central Assistance for State Plans routed through the ministry. In 2017-18 the Plan/Non-plan split ended and several demands were split, merged or moved, so the two periods aren't strictly comparable.

Departments

Department / line2026-27Years in budget
Interest Payments₹14.04 lakh crore2015-16 to 2026-27
Transfers to States₹3.94 lakh crore2015-16 to 2026-27
Pensions₹97,500 crore2015-16 to 2026-27
Indirect Taxes₹27,683 crore2015-16 to 2026-27
Department of Economic Affairs₹20,559 crore2000-01 to 2026-27
Direct Taxes₹15,305 crore2015-16 to 2026-27
Indian Audit and Accounts Department₹6,437 crore2015-16 to 2026-27
Department of Financial Services₹3,747 crore2008-09 to 2026-27
Department of Revenue₹2,513 crore2000-01 to 2026-27
Department of Expenditure₹526 crore2000-01 to 2026-27
Department of Investment and Public Asset Management₹55.9 crore2000-01 to 2026-27
Department of Public Enterprises₹29.6 crore2000-01 to 2026-27
Economic Affairs (centralised provisions)–2000-01 to 2016-17
State Plan assistance via Economic Affairs (centralised provisions)–2000-01 to 2016-17
Repayment of Debt–2023-24

Schemes, 2026-27

Budget Estimates for each scheme run by this ministry.

  1. Remission of Duties and Taxes on Exported Products (RoDTEP)₹10,000 crore
  2. Technology in National Security₹9,800 crore
  3. Rebate on State and Central Taxes and Levies (RoSCTL)₹5,000 crore
  4. Assistance to States for Public Health Infrastructure₹4,200 crore
  5. National Investment and Infrastructure Fund (NIIF)₹3,001 crore
  6. Incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant)₹2,000 crore
  7. Lines of Credit under Indian Development and Economic Assistance Scheme (IDEAS)₹1,675 crore
  8. Infrastructure Risk Guarantee Fund₹1,000 crore
  9. Onetime payment of Arrears.₹600 crore
  10. Pradhan Mantri Vaya Vandana Yojana (PMVVY)₹596 crore
  11. Government Co-contribution to Atal Pension Yojana₹548 crore
  12. SME Growth Fund₹500 crore
  13. Interest Subsidy to LIC for Pension Plan for Senior Citizens₹160 crore
  14. Viability Gap Funding₹100 crore
  15. Research, Development, Consultancy & Reorientation (RDCR)₹6.75 crore
  16. India Infrastructure Project Development Fund (IIPDF)₹2.50 crore
  17. Grants to NABARD to settle the claims under Indo-Swiss Cooperation-VI₹0.81 crore
  18. Grants to ICICI Bank for Externally Aided Components₹0.01 crore
  19. Pradhan Mantri Mudra Yojana (PMMY)(through NCGTC)₹0.01 crore
  20. Recapitalization of Regional Rural Banks (RRBs)₹0.01 crore
  21. Recapitalization of Public Sector Banks₹0.01 crore
  22. Stand-Up India (through NCGTC)₹0.01 crore
  23. Subscription to Share Captial of National Bank for Agricultural and Rural Development (NABARD)₹0.01 crore
  24. Subsidy to National Housing Bank for Interest Subvention on Housing Loans₹0.01 crore
  25. Publicity and awareness for Pradhan Mantri Mudra Yojana (PMMY) and other initiatives by MUDRA Ltd.₹0.01 crore

And 2 smaller schemes. Search all schemes.