← GlossaryPolicy & Tax
Union Budget
The Union Budget, presented by the Finance Minister each February, sets out the central government’s expected revenue, spending and borrowing for the coming financial year, along with changes to taxes and new schemes.
Why It Matters
A Budget is a statement of priorities written in rupees.
In India
The 2026-27 Budget left income tax slabs unchanged, raised the securities transaction tax on futures and options, and set the fiscal deficit at 4.3% of GDP.