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Budget 2018: Glossary of economic and financial terms

By Chennabasaveshwar

Union Finance Minister Arun Jaitley will present Budget on Thursday. This is Arun Jaitley's 5th Budget to be presented in the middle of a busy election year as eight states go to polls. This is just a year ahead of the 17th general election.

Arun Jaitley

Ahead of the budget, the ministry released a list of Budget glossary. The lucid definitions provided here clear doubts regarding economic and financial jargons used in the Budget. Common people can benefit immensely from this glossary.

In all, the glossary list has definitions of 27 Budget words and phrases. This year's Union budget, the last one in this tenure of the Bharatiya Janata Party-led National Democratic Alliance (NDA) government. The budget session will begin on 29 January.

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