Budget 2026-27 preparation to begin on October 9: Finance Ministry

The finance ministry will start work on the Union Budget for 2026-27 from October 9, according to a circular issued by the Department of Economic Affairs.

The exercise comes against the backdrop of an additional 50% US tariff on most Indian goods and other external headwinds. These have raised risks to India’s growth and jobs outlook, prompting calls for stronger support to the export sector.

The uncertainties triggered by the tariff and global factors are expected to shape budget preparations this year. Through the Budget, the government will look not just to steer through these challenges but also to build on its pledge of next-generation reforms to sustain high growth momentum and employment creation.

“Realistic projection for Revised Estimates (for) 2025-26 and Budget Estimates (for) 2026-27 is a pre-requisite,” the circular said. “Proper expenditure estimation by ministries/departments would obviate the need for routine/frequent mid-year re-appropriations. Minimal mid-year additional resource requirements/mid-year re-appropriations reflect good budgeting,” it added.

With 2026-27 marking the first year of the 16th Finance Commission cycle, ministries and departments have to ensure allocations sought in the budget estimates are in line with the approval of the competent authority, it said. Any transfer of liabilities from the current FC cycle to the next will not be allowed unless specifically approved.

Live Events

Add as a Reliable and Trusted News Source



_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}