📷 Image: Wikimedia Commons / Ministry of Finance of India
Business
Finance Ministry to Kick Off 2027-28 Budget Process on Oct 12
✍️ Business Standard
🗓 30 Aug 2026, 04:37 AM
👁 3
The Ministry of Finance announced that the preparatory exercise for the Union Budget 2027‑28 will begin on 12 October.
The Ministry of Finance has set a timetable for the upcoming Union Budget covering fiscal year 2027‑28, with the first step slated to commence on 12 October, according to a statement reported by Business Standard.
The exercise will involve departmental consultations, data gathering and preliminary discussions among ministries and agencies to shape revenue and expenditure projections for the next financial cycle.
Officials indicated that the schedule aligns with the government's standard budget cycle, which typically culminates in the presentation of the Union Budget in February of the following year.
Stakeholders, including industry bodies and think‑tanks, are expected to submit feedback during the consultation phase, helping to refine policy priorities ahead of the final budget.
The exercise will involve departmental consultations, data gathering and preliminary discussions among ministries and agencies to shape revenue and expenditure projections for the next financial cycle.
Officials indicated that the schedule aligns with the government's standard budget cycle, which typically culminates in the presentation of the Union Budget in February of the following year.
Stakeholders, including industry bodies and think‑tanks, are expected to submit feedback during the consultation phase, helping to refine policy priorities ahead of the final budget.