The State Budget For The Financial Year 2026-27 Will Be Presented In The Third Week Of February Next Year
State Budget 2026: The state budget for the financial year 2026-27 will be presented in the third week of February 2026. The Finance Department has started preparations for this. In a letter sent to various departments. The Finance Department said that the departments will submit their budget estimates by December 20 for 2026-27. A pre-budget consultation meeting will be held with the departments from December 21 to January 5, 2026. The pre-budget consultation will be held on February 3, 2026 and the estimates will be revised after the Union Budget 2026-27.
A consultation meeting of the Chief Secretary/Development Commissioner with the secretaries of key departments will be held on February 6, 2026. The budget will be approved by the Council of Ministers between February 7 and 10, 2026. The budget will be presented by the Chief Minister in the third week of February 2026.
The state government has set a target of making Odisha a $500 billion economy by 2036 and a $1.5 trillion economy by 2047, which is about 15 times the current size of the economy. To achieve this economic ambition, the state government will prioritize the creation of over 1 crore new jobs, universal literacy and guaranteed good healthcare, green energy, tourism and technology sectors.
The finance department expects the state economy to grow by 8 per cent in 2025-26 by harnessing its natural, financial and human resources and this trend to continue in 2026-27. Considering the current tax collection trend in the state, the state’s total revenue collection in the financial year 2026-27 is expected to increase by about 10 per cent compared to the revised estimates of this year.
The budget for the financial year 2026-27 will be based on the policy adopted in the financial year 2025-26. The following budget process will be followed for 2026-27 and the expenditure estimates will be submitted by 20 December 2025, the Finance Department has today written to various departments. Each administrative department will be informed about their departmental expenditure limits. Within the expenditure limits indicated, the departments will prepare their budget estimates based on the pre-determined norms and procedures, the Finance Department said.