{
  "id": 14077416,
  "title": "Centre kicks off FY28 budget planning, seeks new spending proposals",
  "url": "https://urgent.news/2026/10/13/centre-kicks-off-fy28-budget-planning-seeks-new-spending-proposals",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T00:30:57.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/india/centre-kicks-off-fy28-budget-planning-seeks-new-spending-proposals-11791795497082.html"
  },
  "original_language": "en",
  "account": "The Union government has commenced early preparations for the fiscal year 2028 (FY28) budget, calling on ministries and departments to submit fresh scheme and spending proposals. These proposals will require budget codes to be incorporated into the expenditure plans. Dhirendra Kumar, a seasoned policy reporter with over two decades of experience in diverse economic and governance sectors, oversees this process. Kumar's work encompasses finance, public expenditure, disinvestment, public sector enterprises, textiles, trade, consumer affairs, and agriculture, with a particular emphasis on identifying structural policy shifts and their practical implications. He has received prestigious awards for his journalism, including the Chaudhary Charan Singh Award for Excellence in Agricultural Research and Development, and a fellowship in international trade from the National Press Foundation. Kumar's reporting aims to simplify complex policy developments, uncover underreported trends, and provide readers with clear insights into developments shaping India's economic landscape.",
  "summary": "The Department of Expenditure has activated budget-code system, asking ministries to flag new schemes early as the government prepares to balance spending priorities with fiscal consolidation.",
  "key_points": [
    "Union government initiates FY28 budget planning early.",
    "Ministries asked to submit new scheme and spending proposals.",
    "Budget codes required for expenditure plans."
  ],
  "editors_take": "Starting the fiscal year 2028 planning cycle early forces ministries to formalize their expenditure plans through specific budget codes to ensure structured financial oversight for upcoming government spending.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}