Budget Session 2026-27: Dates, Schedule, Proceedings

Budget Session 2026-27 is a key parliamentary session where India’s financial plans for the year are discussed and approved. It begins on 28 January 2026 and continues till 2 April 2026, held in two phases with a break in between. During this session, the Union Budget 2026-27 is presented on 1 February 2026, along with the Economic Survey and the President’s Address.

This session includes important proceedings like Question Hour, Zero Hour, Lok Sabha and Rajya Sabha debates, and voting on financial bills. It helps students understand how government funds are allocated for education, health, jobs, and development.

What Is Budget Session of Parliament?

The budget session of Parliament is a special meeting of both Houses – the Lok Sabha and the Rajya Sabha, where the government presents its financial plans and answers questions from Members of Parliament. This includes explaining how money will be collected and spent.

Budget Session 2026-27 Dates & Schedule

The budget session of parliament 2026-27 begins on 28 January 2026. Below is the complete budget session 2026 schedule, including all crucial events:

The Budget session 2026 duration is from 28 January 2026 to 2 April 2026, held in two parts with a break in between to review spending demands and budget proposals.

Why Does India Have a Budget Session?

The budget session of Parliament is held every year so that the government can explain its money plans and laws for the next financial year. Members of Parliament ask questions, give ideas, and vote on important financial decisions.

This session also helps officials plan projects for schools, hospitals, roads, defence and more.

Budget Session 2026 Date and Time

The union budget 2026 date is a key highlight of this session. This is the day when the Finance Minister explains how the government will collect money (taxes) and how it plans to spend it.

Date: 1 February 2026 (Sunday)
Time: Budget speech begins at 11:00 AM in the Lok Sabha, Parliament.

This is the first time the Budget is scheduled on a Sunday in recent years.

Budget Formulation Process

The preparation for the budget session 2026-27 starts early. The Ministry of Finance, Department of Economic Affairs, issues a Budget Circular. This circular guides all ministries and departments. It contains instructions for submitting data for Revised Estimates (RE) for 2025-26 and Budget Estimates (BE) for 2026-27.

Pre-budget meetings are vital. These meetings, chaired by the Secretary (Expenditure), start in October. For the 2026-27 cycle, these meetings began on 9th October 2025. Financial Advisers must ensure data is entered accurately into the Union Budget Information System (UBIS). Budget documents must remain confidential throughout this phase.

Budget Session Proceedings

The budget session proceedings include many steps. These are simple points to understand:

President’s Address

On the first day of the session, the President of India speaks to both Houses about the plans and goals of the year.

Economic Survey

This is a report that shows how the country’s economy performed in the past year. It is usually presented one day before the Union Budget.

Union Budget Presentation

Here, the Finance Minister explains in detail how money will be used in the next year.

Budget Session Question Hour and Zero Hour

During the session, MPs ask questions during Question Hour and raise urgent issues during Budget Session Zero Hour. These help members bring up public concerns.

Budget Session 2026-27 Important Documents

Several documents are prepared for presentation to Parliament. Article 112(1) of the Constitution mandates the Annual Financial Statement (AFS). This statement shows estimated receipts and expenditures.

Other important documents include:

• Detailed Demands for Grants (DDGs): These are prepared by ministries. They detail their funding requirements.
• Finance Bill: This bill introduces new taxes or changes to existing ones.
• Economic Survey: This document reviews the nation’s economic performance.

These documents are available on the Union Budget Mobile App. This allows for easy digital access.

Budget Session Lok Sabha and Rajya Sabha

During the Budget Session, both the Lok Sabha and Rajya Sabha play an active role in discussing the Union Budget and other financial matters. Members of Parliament debate budget proposals, ask questions, and suggest changes. Important bills related to taxes and spending are discussed and passed in both Houses. This process ensures proper review and approval of government spending plans.

Why the Budget Matters for Students

During the budget session in india students will understand how the government plans to use money for the country’s growth. It also shows how Parliament works in making financial decisions

• The Union Budget 2026-27 decides funding for education, scholarships, and student welfare schemes.
• Question Hour and Zero Hour highlight real public issues raised by Members of Parliament.
• Debates in Lok Sabha and Rajya Sabha explain how laws and budget proposals are discussed and approved.

Budget session 2026-27 is one of the most important times in India’s Parliament year. It tells us how money will be used in the next 12 months. All students should know the major budget session dates and events, like the Union Budget 2026 date, schedule, and key discussions in Lok Sabha and Rajya Sabha. Understanding this helps you see how government decisions affect schools, jobs, health, and more.