Gross Tax Receipts Estimated at ₹44.04 Lakh Crore, Sitharaman Tells Lok Sabha

Finance Minister Nirmala Sitharaman addressed the Lok Sabha on Wednesday during the budget debate. While addressing the Lok Sabha, the finance minister revealed the strategic focus of the budget. She revealed the facts of the budget in a systematized manner. She emphasized that the government has focused labor-intensive sectors in the budget with special focus on the biopharmaceutical sector.

Expressing her commitment towards providing the startups with a large area of land for expansion, the Finance Minister made it clear that the central government is completely ready to work along with the states for the development of the mega textile parks.

Union Finance Minister Nirmala Sitharaman said, "Gross tax receipts are estimated at ₹44.04 lakh crore in this budget. This is about 8% higher than the estimated revenue for 2025-26, an increase of ₹3.26 lakh crore. If we look at total expenditure for 2026-27, it is ₹53.47 lakh crore, which is much higher than our tax receipts. Capital expenditure is estimated at ₹12.22 lakh crore, which is 3.1% of GDP and 11.5% higher than the estimated revenue for 2025-26..."

Finance Minister Nirmala Sitharaman, speaking in the Lok Sabha during the discussion on the Budget, said, "The 16th Finance Commission analysed the state share transferred by the Centre to the states from 2018-19 to 2022-23 and concluded that the transfers made by the Centre in all these years exactly matched the Finance Commission's recommendation. Therefore, we are not the only ones making this claim. The Finance Commission itself, after conducting a detailed study, has stated in its report that whatever amount was to go to the state governments for the financial years 2018-19 to 2022-23 has been given. There is no scope for any kind of doubt in this for the states."