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FinMin urges ministries to give realistic projections for FY28 Budget

6 days ago 4

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Finance Ministry kicks off the FY28 Budget exercise, seeking realistic projections as rising subsidy costs and the West Asia crisis put pressure on government finances

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Latest estimates show that India has already exhausted more than half of the ₹1.70 trillion fertiliser subsidy budgeted for FY27

Sanjeeb Mukherjee New Delhi

4 min read

Last Updated :

Aug 28 2026 | 11:01 PM

IST

The Ministry of Finance has started the Union Budget exercise for the next financial year by asking all line ministries and departments to give realistic projections for FY27 revised estimates and FY28 estimates, a person privy to the development said.

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