Indian states Rajasthan and Chhattisgarh begin 2027-28 budget preparations

State governments in Rajasthan and Chhattisgarh have initiated preparations for the 2027-28 fiscal year budgets.

In Rajasthan, the Finance Department has released a schedule for Departmental Budget Control Committee (BFC) meetings. The first phase of these meetings is set to run from October 21 to November 18. Departments are required to submit budget proposals, including assessments of committed liabilities, actual expenditures against approved budgets, and pending bills, via the Integrated Financial Management System (IFMS) at least seven days before their scheduled meetings. The process will also include provisions for green, women, child, and youth-focused budgets.

In Chhattisgarh, the Finance Department has established a timeline starting October 1 with the opening of an online module. Departments must submit details regarding assets, such as vehicles and computers, by October 15. Revenue receipt estimates are due by October 19, followed by departmental meetings between October 26 and October 30. The budget process will involve joint discussions between secretaries and heads of departments in December, with final ministerial meetings scheduled for January 2027 to approve major items and prepare the Finance Minister’s speech.