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BUDGET 2018: Now the Budget of the Country is not for the Common People

By Admin -
The Narendra Modi government is going to present its last full budget. But the budget coming in the Modi government is unique in many cases, the most important thing is that it will be the first time that nothing will come for the common man in the general budget of the country. In fact, this will be the first budget in the country's dozen annual budget where people will not be waiting for government's announcements.
There will be no excitement in this budget for consumers, but in view of the upcoming elections, the government can get the effect of the policies. Seeing these facts, it can be said that only in the budget of the Central Government, Arun Jaitley's Arithmetic will be seen.

Thrill for consumers will not be

So far, the common man's gaze was on the annual budget of the country, because in the budget, the central government announced changes in excise to service tax, which led to a change in prices of many products and services in the country. But after the implementation of GST in the country from July 1, 2017, these changes will not be made through the budget.

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Now GST Council will continue to present a mini budget for this work. In addition to GST, the possibility of change in custom duty and income tax in the annual budget has remained unchanged, but the possibility of an important announcement for taxpayers is less in the face of increasing the revenue for the central government. At the same time GST has eliminated the right to tax the state governments, so even in the budget of the state governments, there will not be anything more than the state bookkeeping.

Central government treasure

While presenting the budget in Parliament, the finance minister had announced a big fund in some item, and the rest of the members welcomed him by throwing the table. But in the current economic situation, its hopes are low that the Central Government will announce big expenditure in any item. The Central Government will be seen spending less revenue from the GST and the state government's hand in the pressure of the arrears of GST in the GST.

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Due to these pressures, the Central Government has done a major reduction in its expenditure during August and September in the current financial year to reduce revenue deficit. At the same time, on the basis of some reports on the budget process, it can be said that the central government can announce a cut of more than 25 per cent in the budget of Rev. for the next financial year.

This is a new budget

On the basis of this, it can be said that the statement given by the Prime Minister recently that the upcoming budget will not be populist is absolutely correct. This is the result of a change in the format presented in this year-to-year budget that due to the large share of Central Government revenue going to GST, the provisions for that part will not be seen in the budget.Therefore, if you wait for February 1, because the Finance Minister's Budget Speech will help you look cheap-costly, then it is decided that you will not be disappointed. Because Budget 2018 is a new budget and it will keep the budgetary provisions in front of the country in a new way, whose concern is less than the common man and more than the economist.
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