Overview

• The Department of Economic Affairs issued the FY27 Budget circular, directing ministries to submit provisional Statements of Budget Estimates via UBIS by October 3, 2025.
• Pre‑budget meetings will run from October 9 until around mid‑November to discuss fund requirements, receipts, non‑tax revenues, and estimates on a net basis.
• Provisional SBEs will serve as the basis for discussions that provisionally finalize Revised Estimates for 2025‑26 and Budget Estimates for 2026‑27.
• The circular asks ministries to detail autonomous bodies and corpus‑funded implementing agencies, provide reasons for their continuation, and explain any SBE variations exceeding 10 percent.
• The finance ministry said final expenditure ceilings will be set by it, with figures expected to be reflected in UBIS by late December or early January, and media reports suggest the FY27 Budget presentation could be on February 1, 2026.