The amount for the current fiscal year 2025-\u201926 was Rs 11.2 lakh crore.<\/b>
\nIn the Union Budget for the financial year 2026-\u201927 presented on Sunday, Union Finance Minister Nirmala Sitharaman on Sunday proposed to increase capital expenditure to Rs 12.2 lakh crore.
The capital expenditure for the current fiscal year was Rs 11.2 lakh crore.
Capital expenditure is the money that the government spends on building infrastructure such as roads, schools and hospitals.
Sitharaman proposed allocating Rs 5,000 crore to each City Economic Region over a five-year period.
She also proposed to set up a new dedicated freight corridors connecting Dankuni, West Bengal and Gujarat\u2019s Surat, 20 new national waterways and seven high-speed rail corridors between major cities.
This marks Sitharaman\u2019s ninth consecutive Budget and sets a record for continuous tenure in the finance ministry. This is the first time that the Union Budget is being presented on a Sunday.
The Budget is expected to outline measures aimed at sustaining economic growth, maintaining fiscal discipline and advancing reforms intended to shield the economy from global trade frictions, including the impact of United States-imposed tariffs.
The government\u2019s annual Economic Survey that was tabled in Parliament on Thursday predicted that India\u2019s real gross domestic product is expected to grow between 6.8% and 7.2% in the financial year 2026-\u201927.
The document said that the cumulative impact of policy reforms in recent years appeared to have lifted the economy\u2019s medium-term growth potential closer to 7%.
The Economic Survey, tabled by Sitharaman in Parliament three days ahead of the Union Budget, details the state of the country\u2019s economy and suggests measures to boost growth.
On Saturday, while silver prices fell sharply by nearly 19% to Rs 3.1 lakh per kg, gold prices declined by more than 2% to Rs 1.6 lakh per 10 grams, as investors booked profits amid a global market rout linked to a stronger US dollar.<\/p>\n