2018 Union budget of India
The 2018 Union Budget of India (ISO: 2018 kē liē Bhārat kā Kēndrīya Bajaṭ) was the annual financial statement (AFS), demand for grants, appropriation bill and finance bill of India for the financial year 2018–19.
| Annual Financial Statement of the Central Government for the year 2018–19 The Appropriation Bill, 2018 The Finance Bill, 2018 | |
|---|---|
| Submitted by | Arun Jaitley |
| Submitted to | Parliament of India |
| Presented | 1 February 2018 |
| Passed | 1 February 2018 |
| Parliament | 16th (Lok Sabha) |
| Party | Bharatiya Janata Party (BJP) |
| Finance minister | Arun Jaitley |
| Total revenue | ₹2,399,147 crore (equivalent to ₹34 trillion or US$420 billion in 2023) |
| Total expenditures | ₹2,920,484 crore (equivalent to ₹41 trillion or US$510 billion in 2023) (grand total) |
| Program Spending | ₹2,442,213 crore (equivalent to ₹34 trillion or US$430 billion in 2023) (through budget) |
| Tax cuts | 5% (in corporate tax for companies with turnover up to ₹250 crore (equivalent to ₹334 crore or US$42 million in 2023)) |
| Debt payment | ₹575,795 crore (equivalent to ₹8.1 trillion or US$100 billion in 2023) |
| Deficit | ₹624,276 crore (equivalent to ₹8.8 trillion or US$110 billion in 2023) (3.3%) (Fiscal deficit) ₹416,034 crore (equivalent to ₹5.8 trillion or US$73 billion in 2023) (2.2%) (Revenue deficit) |
| Website | Official website |
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It was presented to Parliament on 1 February 2018 by Finance Minister Arun Jaitley.
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