Historic Union Budget Date
For the first time ever, India’s Union Budget will be presented on a Sunday, February 1, 2026.
This was confirmed by Lok Sabha Speaker Om Birla, settling all speculation about the schedule Union Budget 2026–27 — Full Details & Key Updates.
Traditionally, the Budget was presented at the end of February each year. However, since 2017, the Government shifted the practice to February 1 _ a change designed to give Parliament enough time to pass budgetary legislation before the start of the new financial year on April 1.
Why February 1 matters:
- Ensures approval of key financial laws before April 1
- Helps ministries operationalize spending from the start of the new fiscal year
- Reduces need for “vote on account” interim approvals
- Aligns budget execution with implementation timelines smoothly
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Parliament Session: Full Timeline
The Budget Session of Parliament has been scheduled as follows:
📌 January 28, 2026 – Parliament convenes and begins the session
📌 April 2, 2026 – Session scheduled to conclude after two phases
- First phase runs till mid-February
- Parliament reconvenes in March after a short recess
Finance Minister & Record Pursuit
Finance Minister Nirmala Sitharaman will present the Budget for the ninth consecutive year __a remarkable achievement that draws her closer to the all-time record for most Union Budgets delivered by an individual.
This Budget will set the tone for the 2026–27 financial year, covering government priorities, spending programs, taxation, education, infrastructure, and livelihood sectors.
What’s Expected in the Budget 2026-27
While the full text and detailed measures will be revealed on February 1, media and expert expectations already spotlight certain themes:
- Taxation
- Potential adjustments in income tax policies to ease burden on the middle class and boost disposable income
- Ongoing debate around simplification or rationalization of tax regimes, including discussions around the new vs. old tax regime structure for taxpayers
- Growth & Economic Priorities
- Measures to boost consumption and economic demand
- Encouragement to MSMEs and startups through policy support and incentives
- Continued focus on infrastructure spending, including railways, transport, and digital infrastructure
- Business & Trade Reforms
- Calls for revamping customs duties and export incentives to strengthen global trade competitiveness
- Focus remains on attracting manufacturing and investment flows into India
Why This Budget Matters
The Annual Budget is not just a financial statement; it is India’s economic blueprint for the coming year. It affects everyone __from taxpayers to businesses, students to retirees __by shaping how public funds are raised and spent.
With a focus on growth, jobs, and ease of doing business, this 2026–27 Budget is expected to tackle current economic challenges while laying the groundwork for future development.
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Key Dates to Remember
Jan 28, 2026 – Parliament Budget Session begins
Jan 29, 2026 – Likely presentation of the Economic Survey (pre-budget document)
Feb 1, 2026 – Union Budget 2026–27 presented in Parliament
Apr 2, 2026 – Parliament Budget Session concludes
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