Govt to Begin FY26 Budget Preparations from October, Focus on Growth and Jobs

The Finance Ministry is set to begin preparations for the Union Budget 2025-26 starting in the second week of October 2024. This budget is expected to focus on reforms aimed at boosting economic growth, job creation, and demand across sectors. The Budget is likely to be presented on February 1, 2025, during the first half of the Parliament’s Budget session. Ministries and departments will submit their expenditure estimates, which will be scrutinized to finalize allocations. Key focus areas may include infrastructure development, social welfare schemes, and fiscal consolidation.