Business News | Centre Likely to Prioritise Debt Consolidation, Capex Push in Budget 2026: ICRA | LatestLY

Contributing sentiments towards policy:

66% : This continued emphasis on capex is expected to support investment activity and improve the quality of government spending.
57% : Non-tax revenues are expected to rise by about 5 per cent, although the record Rs 2.7 trillion dividend transfer from the Reserve Bank of India in 2025-26 is likely to moderate in the coming year.
56% : On the revenue front, gross tax revenues are projected to grow by around 7 per cent in 2026-27, led by a robust 11 per cent expansion in direct tax collections.
53% : After accounting for central tax devolution to states, estimated at Rs 15.4 trillion, the Centre's net tax revenues are projected to grow by a modest 5.2 per cent to Rs 28.5 trillion in 2026-27.
43% : In contrast, indirect tax growth is expected to remain muted at about 2 per cent, reflecting the impact of GST rate cuts introduced from September 2025.

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