New Delhi, Feb. 1 -- Union Finance Minister Nirmala Sitharaman is expected to present a Rs 54.1 lakh crore Union Budget for FY2026-27, registering a year-on-year growth of 7.9 per cent, according to a report by Sunidhi Securities & Finance Limited.

The report highlighted that the size of the Union Budget, measured by Total Expenditure (TE) as a percentage of GDP, is the clearest indicator of the government's fiscal intent.

After averaging 14.8 per cent of GDP during FY23-FY25, Total Expenditure was budgeted at 14.2 per cent of GDP, or Rs 50.65 lakh crore, in the Budget Estimates (BE) for FY26.

However, factoring in weaker nominal GDP growth and lower revenue buoyancy, the report estimated Revised Estimates (RE) for FY26 Total Expenditu...