Budget 2026: What is a Budget plan and how is it prepared? A look at its key components and the process
Published on: Dec. 3, 2025, 5:58 p.m. | Source: The Economic Times
What is a Budget Plan: Union Finance Minister Nirmala Sitharaman is set to present the Union Budget for 2026-27 on February 1, 2026. The budget, a comprehensive financial statement, outlines the nation's economic performance and future aspirations. Its preparation involves months of meticulous planning, consultations with diverse stakeholders, and final approval from the Cabinet. The Union Budget includes revenues and expenditures as its main components.
