Estimated 98% Budget Utilisation Marks a Historic Milestone in Haryana’s Holistic Development: Chief Minister
Chandigarh : Haryana Chief Minister Nayab Singh Saini on Monday presented the Budget for the Financial Year 2026–27 in the Vidhan Sabha. The Chief Minister laid special emphasis on seven key areas in the Budget, covering aspects ranging from budget management to expenditure details.
The Chief Minister stated that the State Government aims to establish Haryana among the leading states of the country by 2047 in the fields of industrial development, modern infrastructure, employment generation, and social inclusion. He said that under the leadership of the double-engine government, Haryana is emerging as a national model of rapid development, transparent governance, and robust financial management.
Sh. Nayab Singh Saini said that the true measure of a state’s economic strength lies in its fiscal management. While previous governments witnessed an uncontrolled rise in fiscal deficit, the present government, since assuming office in 2014, has accorded the highest priority to financial discipline. The fiscal deficit, which stood at 2.88% of GDP in 2014–15, has been consistently brought under control to 2.66% in 2025–26, with a proposal to further limit it to 2.65% in 2026–27.
He said that the government has made a historic increase in capital expenditure to accelerate development, as strong infrastructure forms the foundation of a strong economy. From ₹1,105 crore in 2004–05, capital expenditure has been proposed at ₹28,205 crore for 2026–27, accounting for 12.6% of the total budget. The effective capital expenditure target has also been raised to ₹35,216 crore to ensure rapid expansion of roads, industries, urban development, and public facilities across the State.
The Chief Minister stated that his government has established a tradition of translating budget announcements into reality. While only 84.45% of the total budget was spent in 2014–15, it is estimated that nearly 98% of the budget will be utilised in 2025–26—an achievement unprecedented in Haryana’s history. This reflects the double-engine government’s success in implementing schemes effectively on the ground.
Describing the reduction in revenue deficit as a reflection of the government’s fiscal commitment, the Chief Minister said that it stood at 13.4% of total budget expenditure in 2014–15 and has been steadily reduced, with a target to limit it to 5.90% in 2026–27. The effective revenue deficit is also targeted to be brought down to 0.41%, demonstrating sound economic management.
The Chief Minister said that under the leadership of Prime Minister Sh. Narendra Modi, a culture of good governance, transparency, and accountability has been established across the country, which the Haryana Government has adopted. As a result, losses of public sector undertakings have been reduced nearly threefold, while both the number and profits of profit-making enterprises have seen significant growth.
He stated that this Budget serves as a roadmap to advance Haryana toward accelerated economic growth, increased investment, employment generation, and stronger infrastructure. Due to the policies of the double-engine government, Haryana today stands as a model of balanced progress in development, fiscal discipline, and public welfare.
Sh. Nayab Singh Saini expressed confidence that the Budget for 2026–27 will enable Haryana to play a leading role in building a developed India and elevate the standard of living for every section of society in the State.