Parliament approves Finance Bill 2026

New Delhi: Parliament on Friday approved the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha with a voice vote, completing the budgetary exercise for the next fiscal starting April 1.

The Lok Sabha had passed the bill on March 25, along with 32 amendments.

The Rajya Sabha returned the bill after a brief discussion, and Finance Minister Nirmala Sitharaman replied to queries raised by members.

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.