The Finance Act 2026 has been officially notified by the government to enact the financial proposals of the Union Budget for 2026-27. The Act received the President’s assent on March 30, 2026, and has been published for general information as per a gazette notification by the Ministry of Law and Justice.
On Friday, the Parliament approved the Finance Bill 2026, with the Rajya Sabha sending it back to the Lok Sabha through a voice vote. This completes the legislative process necessary to provide legal support for the Union Budget 2026-27, set to commence from April 1.
During the passage of the bill, the Lok Sabha made 32 amendments on March 25. Following a brief discussion, the Rajya Sabha returned the bill, including Finance Minister Nirmala Sitharaman’s responses to queries raised by Members of Parliament on the budget proposals.
The Union Budget 2026-27 highlights a total expenditure of Rs 53.47 lakh crore, marking a 7.7% increase from the current financial year ending on March 31. The budget emphasizes a capital expenditure of Rs 12.2 lakh crore to drive significant infrastructure projects for economic growth and job creation, reflecting a substantial rise from the previous fiscal year.
