India, Feb. 19 -- Gujarat Finance Minister Kanubhai Desai on Wednesday presented the state budget for 2026-27 with an outlay of Rs.4.08 lakh crore, without proposing any new taxes. The budget projects a revenue surplus of Rs.25,586 crore and an overall surplus of Rs.1,184 crore after accounting for capital expenditure and public account transactions.

Presenting the budget in the Gujarat Legislative Assembly in Gandhinagar, Desai said the Budget Estimate of Rs.4,08,053 crore for 2026-27 represents an increase of Rs.37,803 crore, or 10.2%, over the previous year. The revenue surplus shows that the state's regular income exceeds its day-to-day expenditure, while higher capital spending on infrastructure has resulted in a capital account def...