Haryana Chief Minister Nayab Singh Saini on Monday presented a Rs 2.23 lakh crore state budget for 2026–27, marking a 10.28 per cent increase over the revised estimate of Rs 2.02 lakh crore for 2025–26. Presenting his second budget while also holding the Finance portfolio, Saini placed strong emphasis on strengthening the rural economy, expanding infrastructure, and improving fiscal management.

A key announcement was the creation of a third power distribution company, Haryana Agri DISCOM, dedicated exclusively to serving the farming community. The new utility will manage 5,084 agricultural feeders and provide uninterrupted electricity supply to nearly 7.12 lakh consumers, including tubewell connections for farmers. The state’s existing distribution companies — Uttar Haryana Bijli Vitran Nigam and Dakshin Haryana Bijli Vitran Nigam — will continue their operations alongside the new entity.

Projecting fiscal discipline, the Chief Minister estimated the fiscal deficit at Rs 40,293.17 crore, or 2.65 per cent of the Gross Domestic Product (GDP). The revenue deficit is pegged at 0.87 per cent of GDP, while the effective revenue deficit stands at 0.41 per cent. Capital expenditure is proposed at Rs 28,205 crore, accounting for 12.6 per cent of the total outlay, with effective capital expenditure rising to Rs 35,216 crore, or 15.7 per cent. Saini stressed that enhanced capital investment would accelerate infrastructure growth and help position Haryana as a one-trillion-dollar economy by 2047.

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Highlighting economic indicators, Saini said Haryana currently has the highest per capita income among major Indian states. At current prices, per capita income rose from Rs 1,47,382 in 2014–15 to Rs 3,24,958 in 2023–24, with further increases projected in subsequent years. He also noted that 98 per cent of the total budget was utilised in the previous financial year — a first in the state’s history — and claimed that losses from government undertakings have declined threefold.

To strengthen grassroots governance and the rural economy, the budget mandates Gram Sabha meetings to deliberate on six key issues, including development, de-addiction, drinking water, sanitation, solid waste management, and maintenance oversight, with MLAs now permitted to participate. The government also plans to revive primary agricultural credit societies — of which only 33 out of 804 are currently profitable — by diversifying operations, including the establishment of petrol pumps. For industrial growth, a Rs 500 crore infrastructure fund named ‘Saksham’ has been proposed to promote targeted urban development and boost economic activity across the state.

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