Citation:

Ms. Ekta Masih, Dr. D.K. Nema. "Union Budget 2026-27: An Analysis of Public Perception" International Research Journal of Economics and Management Studies, Vol. 5, No. 4, pp. 8-17, 2026. Crossref. http://doi.org/10.56472/25835238/IRJEMS-V5I4P102

Abstract:

In India, the first day of February is famous as a day when the finance minister presents the annual budget of the government for its approval by the parliament. In India, Article 112 of the Constitution requires the central government to prepare an “Annual financial statement” for the country as a whole. This is called the Budget of the central government. This paper aims to study the concept and objectives of the budget of the Government and to analyze the public perception of the recent Union Budget 2026-27 using primary data collected from 205 respondents using a survey method. Recommendations include- key areas on which the government should focus more include quality education, which will lead to employment, quality health services, simplification of the taxation system, and necessary steps to reduce inflation. All such measures will help in transforming India into a developed economy and prosperous society by 2047.

References:

[1] (2026, February Sunday). Retrieved from Union Budget: https://www.indiabudget.gov.in/
[2] Hayes, A. (2025, August Friday). Investopedia. Retrieved from Investopedia: https://www.investopedia.com/terms/l/laffercurve.asp
[3] Jain, T. R., & Ohri, V. K. (2009). Introductory Microeconomics and Macroeconomics. New Delhi: V.K. Publications.
[4] Key to budget document . (2025). Retrieved from https://www.indiabudget.gov.in/
[5] Lokesh, Y. (2022). An Overview on Government Budget Meaning and Components. International Journal of Innovative Research in Computer and Technology , 174-181.
[6] Mahalaxmi, & T, V. C. (2025). Public Perception of Government Priorties in the Recent Central Budget. International Journal of Creative Research Thought, 679-704.
[7] Press Information Bureau. (2026, February Sunday ). Retrieved from https://www.pib.gov.in/PressReleasePage.aspx?PRID=2221416®=3&lang=2
[8] Rai, P., Ganguly, A., Vishnoi, G., & Narang, R. (2024). An Analysis of Sectoral Allocation of budget in India. Vivekananda Journal of Research , 26-46.

Keywords:

Budget, Union Budget 2026-27, Public perception, Government of India.