SUMMARY OF UNION BUDGET 2026-27

• Union Budget 2026-27 presented on 1 February 2026 by the Finance Minister; first Budget drafted in the newly-occupied Kartavya Bhawan (North Block successor).
• Framed as a "Yuva Shakti-driven Budget" inspired by ideas from the Viksit Bharat Young Leaders Dialogue 2026.
• Organised around three Kartavyas: (i) sustain economic growth, (ii) fulfil citizens' aspirations & capacity-building, (iii) Sabka Sath Sabka Vikas.
• Critical for UPSC: tests fiscal management (FRBM debt-to-GDP glide path), tax reform (new Income Tax Act 2025), and inclusive growth schemes.