Budget 2026: Preparation of Budget 2026 will start from this date, focus may be on these sectors..

The Finance Ministry has issued a circular regarding the preparations for the budget. It has been said that the ministry and its related departments will start preparations for the October Budget 2026. The special thing is that this budget is coming after Trump imposed a 50 percent tariff. According to experts, there is no scope for any reconciliation between the two countries before the budget comes in February next year. In such a situation, the focus of the budget will be more on reviving those sectors that will have more losses due to Trump's tariffs. Let us also tell you what kind of information has come out from the Finance Ministry.

When will the preparation of Budget 2026 start

The Finance Ministry will start the process of preparing the budget for 2026-27 from October 9. Budget preparations are going to start amid global uncertainties and a 50 percent US duty on Indian goods. In next year's budget, attention will have to be paid to issues to increase demand, create employment, and bring the economy to a sustainable growth rate of more than eight percent. The government estimates that the country's economic growth rate will be between 6.3 and 6.8 percent during the current financial year.

Key points of the circular

According to the Budget Circular (2026-27) of the Department of Economic Affairs, pre-budget meetings chaired by the Secretary (Expenditure) will begin from October 9, 2025. The circular said that financial advisors should ensure that the required details in Appendices I to VII are properly entered on or before October 3, 2025. Hard copies of the data in the specified formats should be submitted for verification. Budget estimates for the financial year 2026-27 will be provisionally finalized after the completion of pre-budget meetings, and Revised Estimates (RE) meetings will continue till mid-November 2025.

The budget session will start on February 1

According to the circular, all ministries/departments should submit details of autonomous bodies/implementing agencies for which separate funds have been created. The reasons for their continuation, the need for grant assistance and why it should not be discontinued should be explained in detail. The budget for the current financial year 2026-27 is likely to be presented on February 1 at the beginning of the budget session of Parliament. The budget for the current financial year has estimated a growth rate of 10.1 percent at market prices, while the fiscal deficit is estimated to be 4.4 percent of the gross domestic product (GDP).

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