1

Union Budget
2018-19
This Chapter ‘‘Union Budget 2018-19”
is taken from our Book:

ISBN : 9789387421455
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Union Budget 2018-19

Union Budget 2018 at a Glance
S. Years/Segments 2016-2017 2017-2018 2017-2018 2018-2019
No. Actuals Budget Revised Budget
Estimates Estimates Estimates
1 Revenue Receipts 1374203 1515771 1505428 1725738
2 Tax Revenue (Net to 1101372 1227014 1269454 1480649
Centre)
3 Non-Tax Revenue 272831 288757 235974 245089
1
4 Capital Receipts 600991 630964 712322 716475
5 Recovery of Loans 17630 11933 17473 12199
6 Other Receipts 47743 72500 100000 80000
7 Borrowings and Other 535618 546531 594849 624276
2
Liabilitites
8 Total Receipts (1+4) 1975194 2146735 2217750 2442213
9 Total Expenditure 1975194 2146735 2217750 2442213
(10+13)
10 On Revenue Account of 1690584 1836934 1944305 2141772
which
11 Interest Payments 480714 523078 530843 575795
12 Grants in Aid for creation 165733 195350 189245 195345
of capital assets
13 On Capital Account 284610 309801 273445 300441
14 Revenue Deficit (10-1) 316381 321163 438877 416034
(2.1) (1.9) (2.6) (2.2)
15 Effective Revenue 150648 125813 249632 220689
Deficit (14-12) (1.0) (0.7) (1.5) (1.2)
16 Fiscal Deficit [9- 535618 546531 594849 624276
(1+5+6)] (3.5) (3.2) (3.5) (3.3)
17 Primary Deficit (16-11) 54904 23453 64006 48481
(0.4) (0.1) (0.4) (0.3)
1
Excluding receipts under Market Stabilisation Scheme
2
Includes drawdown of Cash Balance
Notes: (i) GDP for BE 2018-2019 has been projected at ` 18722302 crore assuming 11.5%
growth over the estimated GDP of ` 16784679 crore for 2017-18 (RE).
(ii) Individual items in this document may not sum up to the totals due to rounding
off.
(iii) Figures in parenthesis are as a percentage of GDP.
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Rupee Comes From (Budget 2018-2019)
Borrowings &
(Budget 2017-18) Other Liabilities
19 p. Non-Debt Capital 19 p.
3 p. Receipts
3 p.
10 p.
19 p. Non-Tax
Revenue
10 p.
8 p.

Corporation-
14 p. 16 p.
Tax 19 p.
9 p.

Goods and
Service Tax
& Other Taxes
23 p.

Income-Tax
16 p.

Union Excise Customs

Duties 4 p.
8 p.
Notes: 1. Total receipts are inclusive of States’ share of taxes and duties which have been
netted in the table on page 1.
2. Represents Service tax and other taxes in BE 2017-18.

Rupee Goes To (Budget 2018-2019)

Centrally Sponsored
Other Scheme
(Budget 2017-18)
Expenditure 9 p.
10 p.
8 p. 8 p. Central Sector Scheme
11 p.
5 p. 10 p.
Pensions
18 p. 5 p.
24 p.

9 p.
5 p. 10 p.

Interest
Payments
States’ Share of 18 p.
taxes & duties
24 p.

Defence
9 p.
Finance Commission
Subsidies
& Other Transfers
9 p.
8 p.
Note: Total expenditure is inclusive of the States’ share of taxes and duties which have
been netted against receipts in the table.
 BUDGET PROFILE (In ` lakh crore)
General
Small Savings and Services 1.02
State Provident Fund
0.92
Economic
Services Food
Central Subsidy
Non Debt Capital Receipts, 0.92 2.27 1.69
Sector 2.95
Market Schemes Petroleum
Loans 7.09 Social 0.25
Debt
4.07 Services 0.45 Others
Receipts Fertilizer
Scheme 0.31
6.24 0.70
Capital Expenditure Others 0.40
Others 1.25 Receipts (CS+CSS)
7.16 Centrally Core
10.15
Sponsored Schemes
Schemes 2.28
3.06
Core of the core
Taxes Schemes 0.78
Budget Size Transfer
Customs on UTs Finance
GST Net Tax to State
1.12 0.05 24.42 Transfers, Commission
7.44 Receipts Pension 2.41
Establishment 1.68 Transfers
14.81 Establishment
and Other 1.09
Expenditure Expenditure
Union 5.08 Salary &
Non-Tax 14.27
Excise Interest Allowances
Gross Tax Revenue Other Grants/
Duties Receipts 2.07
Revenue 2.45 Other Loaans 1.32
2.67 0.15 Central Others
22.71 Others 0.28 Expenditure 1.33
Income Dividend & Others 6.78
Taxes Profit, 1.07 1.23 Public Sector
5.29 Undertakings 0.04
Regulatory/Statutary
Corporation Bodies 0.07 Autonomous
Interest
Tax 5.21 Bodies 0.61
Payment
5.78

Transfer to State Share

NDR Fund of Taxes
0.03 7.88
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Union Budget 2018
1. Commodities that are now Cheaper
IMPORTED ITEMS
ƒƒ Raw cashew nuts
ƒƒ Solar tempered glass or solar tempered glass used for manufacture solar panels/
modules
ƒƒ Raw materials, parts or accessories used in making cochlear implants
ƒƒ Select capital goods and electronics such as ball screws and linear motion guides.
2. Commodities that’ll cost you more
IMPORTED ITEMS
• Cars and motorcycles • Miscellaneous • Truck and Bus radial
• Mobile phones food except soya tyres
• Silver • Perfumes/Deodorants • Silk Fabrics
• Gold • Sunscreen • Footwear
• Vegetable, fruit juices • Dental hygiene • Jewellery
• Sunglasses • Shaving preparations • Smart watches
• LCD/LED TV panels • Video game consoles • Edible/vegetable oils
• Furniture • Outdoor games, such as olive oils,
• Mattresses including pools groundnut oil
• Lamps • Cigarette and other
• Watches and clocks lighters, candles
• All toyes • Kites

 Note: No change in Income Tax Slabs except in Cess