Economy, Banking and Finance · 28 March 2026

Lok Sabha passes Finance Bill 2026 with 32 government amendments

Exam-focused facts from the 28 March 2026 current affairs briefing.

Key facts

  • Lok Sabha passed the Finance Bill 2026 along with 32 government amendments.
  • The Union Budget 2026-27 projects total expenditure at ₹53.47 lakh crore, 7.7 per cent higher than the current fiscal.
  • Capital expenditure for 2026-27 is set at ₹12.2 lakh crore.
  • Gross tax revenue target is ₹44.04 lakh crore and gross borrowing is ₹17.2 lakh crore.
  • Fiscal deficit for FY27 is projected at 4.3 per cent of GDP, down from 4.4 per cent in FY26.
  • The Bill now moves to the Rajya Sabha for approval to complete the Budget process.