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Budget 2026: Union Cabinet Clears Budget for FY 2026–27

Finance Minister Nirmala Sitharaman is set to present the Union Budget for the financial year 2026–27 in the Lok Sabha during the ongoing Budget Session of Parliament.

As per the official List of Business, the House will convene at 11 am, when the Finance Minister will place before Parliament the details of the Government of India’s estimated receipts and expenditure for 2026–27.

She will also table two important documents required under Section 3(1) of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003. These include the Medium-Term Fiscal Policy-cum-Fiscal Policy Strategy Statement and the Macro-Economic Framework Statement, which provide a clear picture of the government’s fiscal plans and overall economic outlook.