New Delhi, Jan. 12 -- Senior Congress leader Jairam Ramesh on Monday raised concerns about the upcoming Union Budget, warning that state governments and the broader economy are entering a critical phase as Parliament prepares for its next session.

In a post on X following the announcement of the parliamentary schedule, Ramesh noted that the Union Budget for the 2026-27 fiscal year will be presented in approximately 20 days. He said the budget will inevitably reflect the recommendations of the 16th Finance Commission, which submitted its report on November 17, 2025.

"These recommendations cover the period from 2026/27 to 2031/32 and pertain to the sharing of tax revenue between the Centre and the states, as well as the distribution of th...