Important: Budget Highlights 2017

FISCAL SITUATION Total expenditure is Rs. 21, 47,000 Crore. Rs.3000 Crore for implementing budget announcements under department of Economics. Defense expenses, excluding pension- Rs 2, 74,114 Crore. Expenses in science and technology- Rs. 37,435 Crore. Total resources transferred to States and UTs -Rs 4.11 lakh Crore Recommended fiscal deficit for 3 years – 3% with deviation of 0.5% of GDP. Revenue deficit- 1.9% Pegged fiscal deficit of 2017-18 at 3.2% of Gross Domestic Product (GDP) and remain committed to achieving 3% in the next year.    AGRICULTURAL SECTOR The fund…

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