By Admin 
Budget 2026: After the change in GST rates, the government has now started preparing for the country’s budget. The Finance Ministry has issued a circular regarding the preparations for the budget. It says that the ministry and its associated departments will start preparing for the budget of October 2026.
The special thing is that it is coming after 50 percent tariffs on the import of Indian goods of US President Donald Trump. Experts say that there is no scope for any reconciliation between the two countries before the upcoming budget in February next year, so the budget will be specially focused on the sectors who have suffered more than the tariff of Trump. Let us give you some more information about the preparations for the upcoming budget through this news.
When will the preparation of budget 2026 start?
The Finance Ministry will start preparing for the budget of 2026-27 from 9 October. Budget preparations are going to start amidst US India and global uncertainties arising from it.
In the next year’s budget, more attention will be paid to more and more employment opportunities along with increasing the demand. Along with this, focus will also be done on transporting the economy of the country at more than eight percent sustainable growth rate. The government estimates that during the current financial year, the country’s economic growth rate will be between 6.3 to 6.8 percent.
Some special things of circular
According to the budget circular (2026-27) of the Department of Economic Affairs, the Budget-East meetings chaired by the Secretary (Expenditure) will start from October 9, 2025. The circular states that financial advisors should ensure that the required details in VII from Appendix I are properly recorded by or before October 3, 2025.
The hard copy of the data in the specified format should be deposited for verification. The budget estimates for the financial year 2026-27 will be finalized after the completion of the budget-pre-meetings and the revised estimate (RE) meetings will continue till mid-November 2025.
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GST 2.0: The effect of tariff will be less, the economy will catch speed; India will move forward the way for development