Bihar Government Unveils Landmark ₹3.47 Lakh Crore Budget, Projects Robust Tax Revenue Growth

The Nitish Kumar-led administration in Bihar has presented a comprehensive state budget of ₹3.47 lakh crore for the upcoming fiscal year, signaling a significant commitment to economic development and public welfare initiatives. This substantial allocation reflects the government's strategic focus on infrastructure enhancement, agricultural modernization, and social sector expansion. Notably, the budget projects an estimated tax revenue of approximately ₹65,800 crore for the 2026-27 period, indicating confidence in improved fiscal management and economic recovery trajectories. The revenue forecast suggests an anticipated strengthening of the state's financial base, potentially driven by administrative reforms and compliance measures. This budgetary framework appears designed to balance developmental expenditures with fiscal prudence, while addressing key regional priorities. The scale of this financial plan underscores Bihar's evolving economic landscape and the administration's ambition to accelerate growth through targeted investments. Analysts will closely monitor implementation efficiency and revenue realization against these projections to assess the budget's impact on the state's long-term economic resilience and social indicators.