2018 Union budget of India
| 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$400 billion in 2023) |
| Total expenditures | ₹2,920,484 crore (equivalent to ₹41 trillion or US$480 billion in 2023) (grand total) |
| Program Spending | ₹2,442,213 crore (equivalent to ₹34 trillion or US$410 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$40 million in 2023)) |
| Debt payment | ₹575,795 crore (equivalent to ₹8.1 trillion or US$96 billion in 2023) |
| Deficit | ₹624,276 crore (equivalent to ₹8.8 trillion or US$100 billion in 2023) (3.3%) (Fiscal deficit) ₹416,034 crore (equivalent to ₹5.8 trillion or US$69 billion in 2023) (2.2%) (Revenue deficit) |
| Website | Official website |
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‹ 2017 | |
The 2018 Union Budget of India (ISO: 2018 Ke Liye Bhārat Kā Saṅghīya Bajaṭ) was the annual financial statement (AFS), demand for grants, appropriation bill and finance bill of India for the financial year 2018–19.
It was presented to Parliament on 1 February 2018 by Finance Minister Arun Jaitley.