Govt begins Union Budget process; sets Oct 12 for pre-Budget talks

The Union Budget-making process for 2027-28 has begun, with the Department of Economic Affairs issuing the budget circular to ministries. Internal consultations will start on October 12 and continue until mid-November. The circular outlines preparations for Revised Estimates (RE) for 2026-27 and Budget Estimates (BE) for 2027-28, with ministries asked to submit realistic projections for both.