3 days ago
Finance Ministry Begins 2027-28 Budget Preparations Amid Economic Uncertainty
The government is starting work on its 2027-28 national budget.
The Finance Ministry will begin meetings on October 12, 2026.
Government departments must submit their financial information before the meetings begin.
Officials will discuss how much money each ministry may receive.
They will prepare estimates for the next budget year and update estimates for the current year.
The Finance Ministry will later set final spending limits.
Tax departments will also provide expected tax and duty collections.
The work is happening while the global economy is uncertain and food and fuel prices are high.
Nirmala Sitharaman will present her 10th consecutive Union Budget.
The Finance Ministry will begin preparations for the Union Budget 2027-28 on October 12, 2026.
Financial Advisers must enter required details into the Union Budget Information System by October 6, 2026.
Pre-Budget meetings will run until mid-November 2026 and cover Budget and Revised Estimates.
Final expenditure figures are expected to be entered into the system by late December 2026 or early January 2027.
The Budget will be the fourth of the Modi 3.0 government and Nirmala Sitharaman’s 10th consecutive Union Budget.
- Who
- The Finance Ministry, government ministries and departments, the Central Board of Direct Taxes, the Central Board of Indirect Taxes and Customs, and Finance Minister Nirmala Sitharaman.
- What
- Preparations for the Union Budget 2027-28 and Revised Estimates for 2026-27 will begin.
- Where
- New Delhi, through the Finance Ministry and the Union Budget Information System.
- When
- Pre-Budget meetings start October 12, 2026, and are scheduled to continue until mid-November 2026.
- Why
- The government is preparing spending and revenue estimates amid global economic uncertainty, elevated food and fuel prices, and priorities including growth, employment and domestic demand.
Key facts
- Preparation start date
- October 12, 2026
- Data submission deadline
- October 6, 2026
- Meeting period
- October 12 to mid-November 2026
- Estimates covered
- Budget Estimates for 2027-28 and Revised Estimates for 2026-27
- Expected finalisation in system
- End of December 2026 or early January 2027
- Budget significance
- The fourth Budget of the Modi 3.0 government
- Finance minister milestone
- Nirmala Sitharaman’s 10th consecutive Union Budget
Sources
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