Himachal's Rs 54,928 cr Budget for 2026-27 pegs revenue deficit at Rs 6,577 cr

Shimla: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Saturday presented a Rs 54,928-crore Budget for 2026-27, with revenue deficit of Rs 6,577 crore and fiscal deficit of Rs 9,698 crore.

Presenting his fourth Budget, Chief Minister Sukhu, who also holds the finance portfolio, said the Budget was focused on strengthening the rural economy, catering to the requirements of 'poorest among poor' and fulfilling the poll guarantees.

The revenue receipts are estimated at Rs 40,361 crore in 2026-27, while revenue expenditure is expected at Rs 46,938 crore, and the total deficit is pegged at Rs 6,755 crore.

The Budget for 2026-27 pegs fiscal deficit at Rs 9,698 crore, or 3.49 per cent of the State Gross Domestic Product.

As per the Budget, for every one rupee, 44.14 paisa would be spent on general services, 31.46 paisa on social services, 11.29 paisa on economic services, 5.62 paisa on capital expenditure, 8.81 paisa on repayment of loans and 1.56 paisa on subsidies.

Out of Rs 100, a sum of Rs 27 will be spent on salaries, Rs 21 on pension, Rs 13 on interest payment, Rs 9 on debt repayment, Rs 10 on grants for autonomous institutions and Rs 20 on capital expenditure, said the CM.

While the receipts included 26.05 paisa from central taxes, 28.55 paisa from state taxes, 13.40 paisa from Grants-in-Aid, 22.34 paisa from loans and 7.37 paisa from non-tax revenue.