As the 2027-28 Union Budget approaches, central ministries are tasked with crafting practical fiscal estimates. The Finance Ministry emphasizes the importance of controlling expenditures and increasing revenue. Pre-Budget meetings, starting in October 2026, will focus on refining these estimates. Ministries are advised to prioritize funding for ongoing projects before introducing new schemes, while also working to boost non-tax revenue and evaluate current programs.

As the 2027-28 Union Budget approaches, central ministries are tasked with crafting practical fiscal estimates. The Finance Ministry emphasizes the importance of controlling…

Finance Ministry begins FY28 budget preparations with pre-budget meetings, aiming for a February 1 presentation amid economic challenges.