NEW DELHI, Feb. 1 (Xinhua) -- India's Finance Minister Nirmala Sitharaman presented the country's budget for the financial year 2026-2027 on Sunday, with a total estimated expenditure of 53.5 trillion Indian Rupees (around 583.49 billion U.S. dollars) and non-debt receipts of 36.5 trillion Indian Rupees.

According to the budget proposals, the country's net tax receipts for the next financial year (April 2026-March 2027) are estimated at 28.7 trillion Indian Rupees.

Gross market borrowings are projected at 17.2 trillion Indian Rupees, with net market borrowings from dated securities estimated at 11.7 trillion Indian Rupees, Sitharaman said.

In her budget speech, the federal finance minister also announced that the revised estimates of non-debt receipts are 34 trillion Indian Rupees, of which the federal government's net tax receipts are 26.7 trillion Indian Rupees.

She further announced that the revised estimate of total expenditure is 49.6 trillion Indian Rupees, with capital expenditure around 11 trillion Indian Rupees.

The fiscal deficit for 2026-27 is estimated at 4.3 percent of the country's Gross Domestic Product (GDP), while the debt-to-GDP ratio is projected at 55.6 percent for 2026-27, down from 56.1 percent of GDP in 2025-26, according to a statement issued by the federal finance ministry. ■