In a move poised to reshape Haryana’s economic landscape, Chief Minister Nayab Singh Saini unveiled the 2026-27 budget totaling ₹2.23 lakh crore on Monday. Prioritizing rural development, the budget introduces game-changing initiatives for farmers and industry alike.
A highlight is the creation of ‘Haryana Agri Discom’, the state’s third power utility dedicated to agriculture. It will oversee 5,084 feeders, benefiting 7.12 lakh consumers with seamless electricity for irrigation needs. This complements UHBVN and DHBVN, streamlining power delivery.
Industrial ambitions get a ₹500 crore ‘Saksham’ fund to bolster infrastructure in strategic locations, spurring growth and employment.
Fiscal prudence shines through projections: fiscal deficit at ₹40,293 crore (2.65% GSDP), revenue deficit 0.87%, effective at 0.41%. Capital spending rises to ₹28,205 crore (12.6% budget), with effective outlay at ₹35,216 crore (15.7%), surpassing previous allocations.
Wearing a Sikh turban, CM Saini – presenting his second budget – envisioned a $1 trillion Haryana by 2047. He noted record 98% budget utilization last year and soaring per capita income from ₹1.47 lakh (2014-15) to ₹3.58 lakh (2024-25), above national figures, projected to hit ₹3.95 lakh soon.
Saini lauded fiscal discipline, with deficits rising only 2.75% since 2014 versus 44% previously. The budget’s capital-intensive approach will drive roads, power, and industrial parks, cementing Haryana’s economic leadership.