The budget numbers show that total tax receipts and expenditure are forecast to increase 6.6% in FY18, compared to a rise of 12.5% in FY17. Photo: PTIThe budget numbers show that total receipts and expenditure are forecast to increase 6.6% in FY18, compared to a rise of 12.5% in FY17. It’s a wee bit higher than the 11.75% rise in nominal gross domestic product (GDP) assumed by the budget. Highlights of Union Budget 2017Note that growth in some of these items is less than the growth of 11.75% assumed in nominal GDP for FY18 in the budget. Expenditure on health, though, is projected to rise substantially, as are the allocations to roads and railways.

Source: Mint February 01, 2017 12:00 UTC