Uttar Pradesh Finance Minister Suresh Khanna Presents Rs 8.09 Trillion Budget for FY26

Key Facts:

A state budget is a financial statement that estimates a state’s revenue and expenditure for a fiscal year.

Uttar Pradesh had the highest state budget in 2022-23 and 2023-24.

Prime Highlights:

Significant emphasis on boosting research and development, along with investments in Information Technology to drive innovation and economic growth.

Finance Minister Suresh Khanna commended Chief Minister Yogi Adityanath’s leadership and the state’s progress under his governance.

Key Background:

Uttar Pradesh Finance Minister Suresh Kumar Khanna presented Rs 8.09 trillion Budget for the financial year 2025-26 in the state assembly on Thursday. The proposed Budget marks a 9.8% increase compared to the previous fiscal year, highlighting a significant allocation towards key sectors such as research and development (R&D), Information Technology (IT), and essential public services.

In his Budget speech, Khanna emphasized that approximately 22% of the total allocation is earmarked for development activities, underscoring the government’s commitment to fostering infrastructure and economic growth. Additionally, 13% of the Budget is dedicated to the education sector, 11% to agriculture and related services, and 6% to health services. This strategic distribution aligns with the state government’s goal to stimulate long-term socio-economic development and improve quality of life for residents.

A notable aspect of the Budget is the focus on technological advancements and innovation, with a strong push for R&D and IT. Khanna highlighted these sectors as critical to the state’s growth trajectory, aiming to position Uttar Pradesh as a hub for technological innovation and research. This forward-thinking approach is expected to enhance the state’s competitiveness in the global economy.

The Finance Minister also took the opportunity to praise Uttar Pradesh Chief Minister Yogi Adityanath, acknowledging the transformative progress the state has made under his leadership. He further commemorated the ongoing Maha Kumbh, recognizing it not only as a major religious and cultural event but also as a rare astronomical phenomenon symbolizing India’s ancient cultural and spiritual heritage. Overall, the 2025-26 Budget reflects a comprehensive approach to state development, balancing investments in infrastructure, education, healthcare, agriculture, and technology to ensure sustained growth and prosperity for Uttar Pradesh.