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Breaking News: Budget Team Ready as Nirmala Sitharaman Departs for Kartavya Bhavan

ABP News Bureau  |  01 Feb 2026 12:16 PM (IST)
ABP News

Finance Minister Nirmala Sitharaman has left her residence for the historic Union Budget 2026–27 presentation at Kartavya Bhavan, accompanied by Union Minister of State Pankaj Chaudhary. This marks her ninth consecutive budget, and anticipation is high as the nation waits to see the government’s plans for infrastructure, defense, capital expenditure, and citizen welfare schemes. Exclusive visuals show Sitharaman holding the digital budget tablet and the traditional red-bound budget book, highlighting the blend of technology and tradition in the modern budget process. Sources indicate that defense spending is expected to see a significant boost, while capital expenditure may rise to around ₹12 lakh crore from the previous ₹11 lakh crore, signaling the government’s continued focus on long-term infrastructure and economic growth. The recently renamed “Viksit Bharat – Ji Ram Ji” scheme, replacing Manrega, may receive increased allocations to enhance employment opportunities and support rural development. Railway and infrastructure projects in states with upcoming assembly elections could also see targeted announcements, emphasizing both development and electoral priorities. The Finance Ministry’s core team, responsible for preparing the budget, is fully in place, ensuring a smooth presentation process. Analysts note that this budget, coming amid geopolitical shifts and domestic economic expectations, could influence both investor sentiment and the public’s perception of government priorities. As Sitharaman proceeds to Rashtrapati Bhavan for formal approval, all eyes are on the historic Sunday budget, which combines policy, governance, and strategic announcements in one landmark event.

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