The Lok Sabha on Wednesday, 25 March, 2026 passed the Finance Bill 2026, along with 32 government amendments. With the passage of the Finance Bill 2026, the Lok Sabha completed its part of the Budgetary approval process. It will now be moved to the Upper House, Rajya Sabha. After the Rajya Sabha approves the Bill, the Budget process for 2026-27 will be complete. Budget 2026: The Union Budget 2026-27 envisages a total expenditure of ₹53.47 lakh crore, an increase of 7.7% over the current fiscal ending 31 March. The total capital expenditure proposed for the next fiscal is ₹12.2 lakh crore. It proposes a gross tax revenue collection of ₹44.04 lakh crore and a gross borrowing of ₹17.2 lakh crore. Govt projects higher discal deficit next year The fiscal deficit for FY27 is projected at 4.3% of GDP, lower than 4.4% in the current fiscal. Reform is not happening out of compulsion, but out of conviction, with clarity, confidence and commitment. India is riding on the reform express under the leadership of Prime Minister Narendra Modi. -Finance Minister Nirmala Sitharaman The government has taken various steps to empower MSMEs, farmers, and cooperatives because they are at the heart of creation of employment for production and for the overall development of India, she added. This Finance bill aims to support them with very many measures that improve liquidity but also reduce the compliance burden and give them the opportunity to have greater contribution towards the larger economy, she added. Elaborating further on the Bill, the Finance Minister said customs reforms have been proposed by altering many provisions with the objective to promote trade facilitation Post navigation Stocks in India gain:Sensex, Nifty jump nearly 2% as Trump claims Iran agrees not to develop nuclear weapons If PNG pipeline is near home, connection will be mandatory:Company will give 3 months notice, LPG supply will be stopped if connection not taken
