Chandigarh, March 2
Reaffirming the State’s long-term development roadmap, Haryana Chief Minister, Sh. Nayab Singh Saini, who also holds the portfolio of Finance Minister, on Monday presented the 12th consecutive State Budget of the government during the ongoing session of State Vidhan Sabha. While presenting the State budget 2026-27, the Chief Minister reiterated his government’s firm commitment to transform Haryana into a one trillion dollar economy by 2047.
Describing the 2026–27 Budget as far more than a statement of income and expenditure, Sh. Nayab Singh Saini said it is a comprehensive vision document aimed at building a “Viksit Haryana” in alignment with the national vision of Viksit Bharat. He said that under the leadership of Prime Minister, Sh. Narendra Modi India is rapidly emerging as one of the world’s leading economies, and Haryana, inspired by the same resolve and momentum, is moving ahead to scale new heights of development.
Sh. Nayab Singh Saini said that the target of making Haryana a one trillion dollar economy by 2047 has been formally set, and the Haryana Vision Document–2047 will serve as the guiding framework in this direction. He emphasized that the Budget has been prepared through extensive public consultation. Meetings held across the State with various sections of society yielded 2,199 suggestions, while nearly 12,400 suggestions were received through an AI chatbot. Of these, approximately 5,000 suggestions have been incorporated into the Budget proposals. He asserted that this is truly a Budget shaped by the people of Haryana.
While presenting the financial proposals, Sh. Nayab Singh Saini placed five key points before the House, stating that their impact would extend beyond the current fiscal year and remain visible in State Budgets up to 2031. Referring to the recommendations of the 16th Finance Commission, he said Haryana’s share in central taxes for the period 2026 to 2031 has been increased to 1.361 per cent, reflecting a historic growth of 24.52 per cent over the previous period. He further shared that this is the highest increase among all 28 States in the country and termed it a strong testament to the effectiveness of the double-engine government, highlighting the direct benefits of coordinated policies between the Centre and the State.
He further elaborated that Haryana’s share in central taxes stood at 1.075 per cent during 2005–10 and declined to 1.048 per cent during 2010–15, when the State ranked 20th nationally in terms of growth. During 2015–20, the share rose to 1.084 per cent, improving the State’s ranking to 17th. As per the recommendations of the 15th Finance Commission, the share further increased to 1.093 per cent during 2021–26. Now, under the 16th Finance Commission’s recommendations, the share will rise significantly to 1.361 per cent for 2026–31, marking the highest growth among all States.
Sh. Nayab Singh Saini further explained that when viewed in the context of the 2026–27 Budget, the rise in central tax share becomes even more significant. In 2005–06, out of Haryana’s total revenue of Rs. 13,853 crore, the State received Rs. 1,201 crore from central taxes, accounting for only 8.7 per cent of total revenue. In 2014–15, despite total revenue increasing to Rs. 40,799 crore, the share from central taxes remained at 8.7 per cent, amounting to Rs. 3,548 crore. By 2024–25, the share from central taxes had increased to 13.2 per cent of total revenue, and in the current year it is projected to rise further to 14.2 per cent.
Highlighting major externally aided initiatives, Sh. Nayab Singh Saini informed that under the Haryana Clean Air Project, the World Bank has approved financial assistance of Rs. 2,716 crore. He added that approval of Rs. 5,715 crore for Water Secure Haryana and Rs. 474 crore for the Haryana AI Mission is expected from the World Bank shortly. In addition, a provision of Rs. 1,837.65 crore has been made under the “Foresight Annex” initiative for four departments to make them future-ready.
Sh. Nayab Singh Saini also announced that in line with the objectives of the Haryana Vision Document–2047, all forthcoming State Budgets will be gender-responsive and focused on senior citizens, ensuring inclusive and balanced development. He reiterated that the 2026–27 Budget reflects Haryana’s aspiration to align with India’s rise as a leading global economy and represents a decisive step towards achieving the goal of a one trillion dollar State economy by 2047.
