Chief Minister Yogi Adityanath, while discussing the Budget 2026-27, said that UP has reached the top three states. Fiscal deficit reduced, GSDP crossed Rs 36 lakh crore, capital expenditure increased and the state is rapidly moving towards a trillion dollar economy.
Lucknow. Chief Minister Yogi Adityanath, while participating in the discussion in the Uttar Pradesh Assembly on the budget for the financial year 2026-27 on Friday, said that in the last nine years, Uttar Pradesh has moved from the category of bottom three states to the top three states of the country. He said that this change is the result of clear policy, pure intentions and effective financial management.
Describing the budget of Rs 9,12,696 crore as historic, the Chief Minister said that for the first time in the history of the state, a Chief Minister has got the opportunity to present the budget for the tenth time. Responding to questions raised by the opposition regarding financial approvals, he said that approvals are issued on time and the entire expenditure process is transparent.
Fiscal Deficit and GSDP Growth: Economic strength through fiscal discipline
Responding to the opposition on fiscal discipline, the Chief Minister said that the fiscal deficit in the year 2016-17 was 4.39 percent of GSDP, which has come down to 2.97 percent in 2025-26. Similarly, indebtedness has come down from around 30 percent to around 26 percent and a target has been set to bring it down to 23 percent by 2026-27.
He said that the per capita income in the year 2016-17 was around Rs 43,000, which has increased to more than Rs 1,20,000 by the end of 2024-25. The GSDP of the state has increased from Rs 13 lakh crore to Rs 36 lakh crore and the target is to take it to Rs 40 lakh crore in 2026-27.
Capital Expenditure Focus: Infrastructure investment and job creation
The Chief Minister said that the purpose of discussion on the demands for grants is to guide the departments to work in a planned manner from the beginning of the new financial year. All departments are moving ahead with their action plans, so that effective implementation of the budget can be ensured. He said that special priority has been given to capital expenditure in the state. In the year 2016-17 it was approximately Rs 71,000 crore, which has now increased to more than Rs 1,77,000 crore.
The Chief Minister said that investment in infrastructure creates employment and gives impetus to economic activities. According to experts, an investment of one rupee in infrastructure gives five to six times returns. The goal of making Uttar Pradesh a trillion dollar economy is being taken forward through this budget.
Budget Session Highlights: Dialogue and parliamentary tradition
The Chief Minister expressed his gratitude to the Speaker of the Assembly for the successful conduct of the budget session. He said that in the two-week long session, there was a detailed discussion on various topics and the budget, starting from the Governor’s address. The General Budget 2026-27 was presented by Finance Minister Suresh Kumar Khanna. The Chief Minister appreciated the suggestions of all the members including Leader of Opposition Mata Prasad Pandey and senior member Shivpal Singh Yadav. He said that a total of 167 members, including 109 members of the ruling party and 58 members of the opposition, participated in the budget discussion. Describing it as an example of healthy democratic tradition, he said that dialogue is the only path to solution.
Financial Discipline and Transparency: Management strengthened by stopping leakages
The Chief Minister said that his government stopped leakages, curbed corruption and strengthened financial discipline. This is the reason why the economy of the state has got a new momentum and Uttar Pradesh has joined the leading states. He said that the image of Uttar Pradesh has changed in the country and abroad and now the citizens of the state are viewed with respect. This change is the result of transparent working style and clear policy.
Farm Loan Waiver 2017: Loan waiver of 86 lakh farmers from resources
The Chief Minister said that in the year 2017, the decision of loan waiver of small and marginal farmers was taken. At that time, questions were raised regarding resources, but the government waived off loans of up to Rs 1 lakh of 86 lakh farmers from budget resources without taking loan from any bank or financial institution.
He said that this decision is an example of financial discipline and efficient resource management. By improving the PLA system, the government stopped the tendency of accumulation of unnecessary money and released the money only as per requirement. Adherence to the guidelines of the Reserve Bank of India was ensured.
CD Ratio Improvement: Investment increased in the state
The Chief Minister said that in the year 2016-17, the credit-deposit (CD) ratio of the state was about 43-44 percent, which has now increased to 61-62 percent. This means that the deposited money of the people of the state is now being invested in large quantities within Uttar Pradesh itself. He said that this has increased opportunities for industry, trade and self-employment. Financial discipline and capital investment strategy has given a new direction to the development journey of the state.