New Delhi, March 25: The Lok Sabha on Wednesday 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. The Upper House, Rajya Sabha, will now consider the Bill.
After the Rajya Sabha approves the Bill, the Budget process for 2026-27 will be complete.
The Union Budget 2026-27 envisages a total expenditure of Rs 53.47 lakh crore, an increase of 7.7 per cent over the current fiscal ending March 31.
The total capital expenditure proposed for the next fiscal is Rs 12.2 lakh crore.
It proposes a gross tax revenue collection of Rs 44.04 lakh crore and a gross borrowing of Rs 17.2 lakh crore.
The fiscal deficit for FY27 is projected at 4.3 per cent of GDP, lower than 4.4 per cent in the current fiscal. (PTI)
