Published - January 14, 2026 11:03 am IST Union Finance Minister Nirmala Sitharaman, during a pre-Budget meeting with State Finance Ministers of States and Union Territories, in New Delhi on January 10, 2026. | Photo Credit: PTI The Union Budget of India, officially known as the Annual Financial Statement under Article 112 of the Indian Constitution, is the Central government’s financial plan for the upcoming fiscal year (April 1 to March 31). It is a statement of the estimated receipts and expenditure of the government for that particular year.