NEW DELHI, Mar 25: The Lok Sabha on Wednesday passed the Finance Bill 2026 along with 32 government amendments, completing its part of the Budget approval process.
The Bill will now be taken up by the Rajya Sabha for consideration. Once approved by the Upper House, the Budget process for 2026-27 will be finalized.
The Union Budget for 2026-27 proposes a total expenditure of ₹53.47 lakh crore, marking a 7.7 per cent increase over the current fiscal ending March 31. Capital expenditure has been pegged at ₹12.2 lakh crore, reflecting continued focus on infrastructure and development.
The government has projected gross tax revenue at ₹44.04 lakh crore and gross borrowing at ₹17.2 lakh crore for the next financial year.
The fiscal deficit for FY27 is estimated at 4.3 per cent of GDP, slightly lower than 4.4 per cent in the ongoing fiscal. (Agencies)
