Gujarat Budget 2026-27: ₹4.08 lakh crore outlay, no fresh taxes

Gandhinagar: Gujarat Finance Minister Kanubhai Desai on Wednesday tabled a ₹4.08 lakh crore Budget for 2026–27 in the State Assembly, placing strong emphasis on boosting tourism and developing sports infrastructure in preparation for the 2030 Commonwealth Games.

The Budget projects a surplus of ₹974 crore, introduces no new taxes, and retains the existing five per cent tax rebate for electric vehicles.

Desai stated that the overall outlay has risen by ₹37,803 crore—an increase of 10.2 per cent—reaching ₹4,08,053 crore compared to the previous financial year.

The fiscal deficit is estimated at 1.97% of GSDP, with the aim of consistently maintaining the FRBM target of 3%. Public debt, at 14.7% of GSDP, remains well below the permissible limit of 27.1%.

Since 2022, Desai has presented budgets of steadily increasing size. The budget for 2022–23 stood at ₹2,43,965 crore, followed by ₹3,01,021 crore in 2023–24, ₹3,32,465 crore in 2024–25, and ₹3,70,250 crore in 2025–26. DeshGujarat

Warli Art and Kansari Devi Featured on Gujarat Budget 2026–27 Coverhttps://t.co/Wh1hnv4IGB pic.twitter.com/S55gSj0gI7

— DeshGujarat (@DeshGujarat) February 18, 2026

Watch: Finance Minister Kanubhai Desai will present the annual budget of Gujarat State for financial year 2026-27 in the State assembly today pic.twitter.com/FmBhBScy1n

— DeshGujarat (@DeshGujarat) February 18, 2026