4 days ago
Union Budget 2027-28 Preparations Begin as Circular Issued
India has started preparing its Union Budget for 2027-28.
The Department of Economic Affairs sent instructions to government ministries.
These instructions explain how to estimate spending for the current year and the next year.
Ministries must enter their information into an online budget system by October 6, 2026.
Meetings about the new Budget will begin on October 12, 2026.
The meetings will be led by the Secretary responsible for government spending.
Separately, the government has raised ₹55,757 crore by selling or monetising assets.
That amount is about 78% of its ₹80,000-crore target for the financial year, reached during the first five months.
The Department of Economic Affairs’ Budget Division has issued the Budget Circular 2027-28 to all ministries.
The circular guides preparation of Revised Estimates for 2026-27 and Budget Estimates for 2027-28.
Ministries and departments must enter the required information into the Union Budget Information System by October 6, 2026.
Pre-Budget meetings chaired by the Secretary (Expenditure) will begin on October 12, 2026.
The government has raised ₹55,757 crore through disinvestment, reaching about 78% of its ₹80,000-crore FY27 disinvestment and asset monetisation target in the first five months.
- Who
- The Department of Economic Affairs’ Budget Division, Union government ministries and departments, and the Secretary (Expenditure).
- What
- The government has begun preparing the 2027-28 Union Budget and has reported ₹55,757 crore in disinvestment proceeds.
- Where
- The report is datelined New Delhi; ministries will submit information through the Union Budget Information System.
- When
- The process has begun; ministry data is due by October 6, 2026, and Pre-Budget meetings begin on October 12, 2026.
- Why
- To prepare Revised Estimates for 2026-27 and Budget Estimates for 2027-28, while pursuing the government’s disinvestment and asset monetisation target.
Key facts
- Issuing authority
- Department of Economic Affairs, Budget Division
- Budget cycle
- Union Budget 2027-28
- Estimates covered
- Revised Estimates for 2026-27 and Budget Estimates for 2027-28
- Data submission deadline
- October 6, 2026
- Pre-Budget meetings
- Begin October 12, 2026, chaired by the Secretary (Expenditure)
- Disinvestment proceeds
- ₹55,757 crore raised in the current financial year
- Target progress
- About 78% of the ₹80,000-crore FY27 disinvestment and asset monetisation target achieved in the first five months
Sources
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