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Economy

New power company for farmers, revival of credit societies: CM Saini presents Haryana Budget with focus on rural growth

Chief Minister Nayab Singh Saini Monday presented the Haryana Budget 2026-27 with an outlay of Rs 2.23 lakh crore for the fiscal year 2026–27, marking a 10.28 per cent increase over the revised estimate of Rs 2.02 lakh crore for the previous year. CM Sain highlighted the state’s significant role in India’s growing economy, setting an ambitious goal for Haryana to achieve a one-trillion-dollar economy by 2047. He said that for the first time in the state’s history, 98 per cent of the total budget was successfully utilised in the previous financial year.

Haryana Chief Minister Nayab Singh Saini, who also holds the portfolio of finance, presented Budget 2026-27 in the Assembly in Chandigarh on Monday. Express photo by Jasbir Malhi

Haryana Chief Minister Nayab Singh Saini, who also holds the portfolio of finance, presented Budget 2026-27 in the Assembly in Chandigarh on Monday. Express photo by Jasbir Malhi

Credit: Indianexpress

Key Highlights

  • Saini said the state’s economic condition is improving, with Haryana now having the highest per capita income among major states.
  • At current prices, Haryana’s per capita income rose from Rs 1,47,382 in 2014–15 to Rs 3,24,958 in 2023–24 (provisional estimate).
  • In 2024–25 (quick estimate), it increased to Rs 3,58,171, while the national average stood at only Rs 2,19,575.
  • For 2025–26 (advance estimate), this figure is projected to rise further to Rs 3,95,618, he said.
  • The fiscal deficit has risen by 2.75 per cent from 2014 to 2024, while during the previous government’s tenure, it increased by as much as 44 per cent, he said.
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Sources

  1. New power company for farmers, revival of credit societies: CM Saini presents Haryana Budget with focus on rural growth

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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