- Finance Minister Sitharaman discussed the extensive consultations behind the Union Budget 2026-27 preparation
- She emphasized that national defence spending is a top priority that cannot be compromised
- The Budget aims to ensure funds reach the last mile and support vulnerable populations
Finance Minister Nirmala Sitharaman, in an interaction with students following the presentation of Union Budget 2026-27, highlighted the steps taken by the government for the preparation of the financial document. She pointed out that national defence is one area that cannot be compromised by the government.
The entire process of preparing the Budget involves massive consultations with various stakeholders, including various government departments, ministries and finance ministers of states.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The purpose is to understand the needs of all stakeholders, the aspirations and requirements of the general public. One of the goals of the government through the Budget is to ensure that the money it spends "reaches the last mile".
"It is necessary to ensure that the minimum support system for those in desperate need is met. At the same time, not all resources can be spent there; you also need to physically build the country. The country needs infrastructure, village roads, hospitals, and good schools," she said in the interaction that was televised by DD News on Sunday.
"Above all, national defence cannot be compromised. Operation Sindoor showed how defence spending over the last 10 years has helped. I remember that when I was in defence, bulletproof jackets were not available for soldiers. They had guns, but not enough ammunition. A gun alone is not enough—firepower matters. So, it is about setting priorities. The nation must be secure, farmers must produce enough, and their produce must be purchased at a reasonable price," she added.
Notably, in the FY27 Budget, the government set aside Rs 7.84 lakh crore as defence outlay for 2026-27. This marked a hike of 15% compared to Rs 6.81 lakh crore in the preceding year.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.