Key Figures From Budget 2017 Speech: Your Quick Snapshot

Key Figures From Budget 2017 Speech: Your Quick Snapshot

Arun Jaitley today presented the Union Budget for financial year 2017-18 in Parliament.

New Delhi: Finance Minister Arun Jaitley today presented the Union Budget for financial year 2017-18 in Parliament.

Here are the key figures:
  • Total expenditure of budget 2017-18 is  21.47 lakh crore
  • Fiscal deficit at 3.2 per cent of GDP for year starting April 1. Remain committed to achieve 3% in following year
  • Defence Expenditure excluding pensions set at 2.74 lakh crore
  • 10,000 crores for recapitalization of banks
  • Rural employment scheme of MNREGA gets "highest allocation ever" of 48,000 crores
  • One page I-T return form for individuals with less than Rs 5 lakh income
  • Maximum cash donation from unknown sources to political parties cut to Rs 2,000 from Rs 20,000
  • Tax rate on small firms cut to 25 per cent
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