![]() | This article reads like a press release or a news article and may be largely based on routine coverage. (July 2017) |
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Submitted to | Parliament of India |
---|---|
Presented | 1 February 2017 |
Passed | 1 February 2017 |
Parliament | 16th (Lok Sabha) |
Party | Bharatiya Janata Party (BJP) |
Finance minister | Arun Jaitley |
Total revenue | ₹2,146,735 crore (equivalent to ₹30 trillion or US$360 billion in 2023)[1] |
Total expenditures | ₹2,531,762 crore (equivalent to ₹36 trillion or US$430 billion in 2023) (grand total)[2] |
Program Spending | ₹2,146,734 crore (equivalent to ₹30 trillion or US$360 billion in 2023) (through budget)[3] |
Debt payment | ₹523,078 crore (equivalent to ₹7.3 trillion or US$88 billion in 2023)[3] |
Deficit | ₹546,532 crore (equivalent to ₹7.7 trillion or US$92 billion in 2023)[4] (3.2%)[4] (Fiscal deficit) ₹321,163 crore (equivalent to ₹4.5 trillion or US$54 billion in 2023)[4] (1.9%)[4] (Revenue deficit) |
Website | http://www.indiabudget.nic.in Official Site |
‹ 2016 2018› |
The 2017 Union Budget of India is the[5][6][7]
It was presented before the parliament on 1 February 2017 by the Finance Minister of India, Arun Jaitley with 21.47 lakh crore rupees (US$336.39 billion) budget size.[8][9][10][11][12]
The Finance Minister of India started speech by quoting "Madam Speaker, On this auspicious day of Vasant Panchami, I rise to present the Budget for 2017-18. Spring is a season of optimism. I extend my warm greetings to everyone on this occasion."[13]
In his speech the Finance Minister of India, Arun Jaitley has quoted that the Agenda for 2017-18 is "Transform, Energise and Clean India" – TEC India.[14] He further went to explain that TEC India means to[15]
The printing of the budget documents began with a traditional Halwa ceremony in January 2017.32
It's the first budget after major changes in the economy like Goods and Services Tax (India) and 2016 Indian banknote demonetisation.
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