The Bihar Government presented a ₹3.47 lakh crore Budget for FY 2026–27 in the State Legislative Assembly, placing major emphasis on education, technology, innovation, social justice, women empowerment, and inclusive development. The Budget continues the government's "Nyay ke Saath Vikas" (Development with Justice) philosophy and prioritises implementation of the Saat Nischay-3 Programme while maintaining fiscal discipline. According to the Government, the Budget seeks to accelerate Bihar's journey towards "Viksit Bihar" (Developed Bihar) through investments in human capital, infrastructure, and welfare.
The Bihar Budget 2026–27 reflects a strategy of policy continuity rather than policy expansion. Instead of announcing a large number of new schemes, the Government has concentrated on strengthening and financing existing flagship programmes, particularly those under Saat Nischay-3, while allocating greater resources to education, technology, social welfare, and women empowerment.The total Budget outlay has been estimated at ₹3,47,589.76 crore, representing an increase of nearly ₹30,000 crore over the previous year's Budget of ₹3.17 lakh crore. The State also projects tax revenue of approximately ₹65,800 crore, indicating expectations of improved revenue mobilisation alongside higher developmental expenditure.A major priority of the Budget is education, which received the highest sectoral allocation. Combined allocation for the Education Department and the newly created Higher Education Department amounts to ₹68,216.95 crore, highlighting the Government's intention to strengthen school education, higher education, model schools, colleges in every block, and skill-oriented learning under Saat Nischay-3.The Budget also gives significant emphasis to social justice and welfare, with ₹7,724 crore earmarked for various welfare programmes. Particular attention has been given to women's economic empowerment through the Mukhyamantri Mahila Rojgar Yojana, under which eligible women are proposed to receive financial assistance of up to ₹2 lakh for entrepreneurship after phased evaluation.From a fiscal perspective, Bihar has attempted to balance welfare expenditure with fiscal prudence. The Government estimates a fiscal deficit of ₹39,111.80 crore, equivalent to 2.99% of the Gross State Domestic Product (GSDP), thereby remaining within the 3% fiscal deficit ceiling prescribed under the Fiscal Responsibility framework. Simultaneously, the State projects a revenue surplus of ₹1,143.19 crore, suggesting that its revenue receipts are expected to exceed revenue expenditure.The Budget estimates GSDP at ₹13,09,155 crore for FY 2026–27 and states that Bihar's public debt and liabilities remain within the limits recommended by the Fifteenth Finance Commission. The Government has attributed the relatively higher fiscal deficit in the previous year partly to the receipt of interest-free loans from the Union Government and accounting adjustments.Economically, the Budget reflects a focus on human capital development, recognising education, technology, innovation, and skill development as long-term drivers of growth. It also attempts to maintain continuity in welfare while strengthening infrastructure and employment-oriented programmes.At the same time, experts have observed that additional fiscal support from the Union Government and sustained public investment will remain important for accelerating Bihar's structural transformation and achieving inclusive growth.
| Particular | Amount / Details |
|---|---|
| Total Budget Outlay | ₹3,47,589.76 crore |
| Previous Budget | ₹3.17 lakh crore |
| Increase | Around ₹30,000 crore |
| Expected Tax Revenue | ₹65,800 crore |
| Education + Higher Education Allocation | ₹68,216.95 crore |
| Social Welfare Allocation | ₹7,724 crore |
| Fiscal Deficit | ₹39,111.80 crore (2.99% of GSDP) |
| Revenue Surplus | ₹1,143.19 crore |
| Estimated GSDP | ₹13,09,155 crore |
| Component | Amount |
|---|---|
| Total Expenditure | ₹3,47,589.76 crore |
| Establishment & Committed Expenditure | ₹2,25,434.34 crore |
| Annual Scheme Outlay | ₹1,22,155.42 crore |
| Revenue Expenditure | ₹2,84,133.92 crore |
The Budget is expected to:
Gross State Domestic Product (GSDP) is the total monetary value of all final goods and services produced within a State during a financial year.
Fiscal Deficit is the difference between the Government's total expenditure and total receipts excluding borrowings.
Fiscal Deficit = Total Expenditure − (Revenue Receipts + Non-Debt Capital Receipts)
Revenue Surplus occurs when Revenue Receipts exceed Revenue Expenditure.
Constituted:2017Chairman:N. K. Singh
Updated – 04 February 2026 | 11:56 AMNews Source: