The passage of the Finance Bill 2026 in the Lok Sabha marks a significant milestone toward finalising India’s Rs 53.47 lakh crore Union Budget for FY 2026-27.
Saloni Kumari | Mar 25, 2026 |
Lok Sabha Passes Finance Bill 2026 for FY 2026-27; Rajya Sabha Approval Awaited
On Wednesday, March 25, 2026, the Lok Sabha (Lower House of Parliament) passed the Finance Bill 2026, including 32 government amendments. The Bill will be considered as a key turning point in the approval of the Union Budget 2026-27 for the financial year 2026-27.
The Finance Bill 2026 will now be sent to the Upper House of the Parliament, i.e., Rajya Sabha, for further discussion. The budget process for 2026-27 will be considered completed only when the Rajya Sabha approves the bill.
The Union Budget 2026-27 proposed a total expenditure of Rs 53.47 lakh crore for the financial year 2026-27, reflecting an increase of 7.7% in comparison to FY 2025-26. The total capital expenditure for FY 2026-27 is anticipated at Rs 12.2 lakh crore.
The gross tax revenue collection and gross borrowing have been proposed for Rs 44.04 lakh crore and Rs 17.2 lakh crore, respectively, for the next financial year. The government expects its fiscal deficit for FY27 to be 4.3% of the country’s GDP, which is slightly lower than 4.4% this year.
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