9 hrs ago
India Begins Preparations for Union Budget 2027-28 Next Month
India’s Finance Ministry is starting preparations for the 2027-28 national budget.
Officials will hold meetings with ministries and departments beginning October 12, 2026.
These meetings will last until November 13.
They will examine expected spending for the current year and the next year.
The current-year figures are called the Revised Estimate for 2026-27.
The next-year figures are called the Budget Estimate for 2027-28.
Ministries must send the needed information by October 6.
The budget will probably be presented on February 1.
It will be the fourth budget of the Modi 3.0 government and the 10th in a row presented by Finance Minister Nirmala Sitharaman.
The Finance Ministry will begin pre-budget meetings on October 12, 2026.
The meetings will review the Revised Estimate for 2026-27 and Budget Estimate for 2027-28.
Ministries and departments must submit required details by October 6, 2026.
The scheduled discussions will continue through November 13, 2026.
The 2027-28 Union Budget is likely to be presented on February 1 and would be the Modi 3.0 government’s fourth budget and Nirmala Sitharaman’s 10th consecutive budget.
- Who
- The Finance Ministry, the Department of Expenditure, and ministries and departments of the Indian government.
- What
- Pre-budget meetings will be held to finalize the Revised Estimate for 2026-27 and the Budget Estimate for 2027-28.
- Where
- New Delhi, through the Union government’s Finance Ministry.
- When
- The meetings will run from October 12 through November 13, 2026; the budget is likely to be presented on February 1.
- Why
- To prepare and provisionally finalize the estimates for the Union Budget 2027-28.
Key facts
- Meetings begin
- October 12, 2026
- Meetings end
- November 13, 2026
- Information deadline
- October 6, 2026
- Estimates under review
- Revised Estimate 2026-27 and Budget Estimate 2027-28
- Expected budget date
- February 1
- Government term
- Fourth budget of the Modi 3.0 government
- Finance minister milestone
- 10th consecutive budget for Nirmala Sitharaman
Quotes
Budget Division of the Finance Ministry
The Finance Ministry division responsible for the budget notice
“Pre-budget discussions to finalise RE (Revised Estimate) 2026-27 and BE (Budget Estimate) 2027-28 in respect of the Grants/appropriations will commence with effect from 12.10.2026 under the Chairmanship of Secretary (Expenditure),”
thehansindia.com
Sources
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