Budget 2018: Top 5 challenges for Arun Jaitley
New Delhi, Feb 1: It's not an easy job to be the country's finance minister, especially at a time when India has been hit hard by slow growth rate, lack of job opportunities, crisis in the farm sector and high inflation rate, to name a few problems in the economic front.
Amid all these bad news, FM Arun Jaitley is all set to present the much-awaited Union Budget 2018 from a few hours from now. Moreover, this is going to be the Narendra Modi government's last full budget ahead of the all-important Lok Sabha elections in 2019.
Thus the burden on Jaitley to present an 'all-pleasing budget' has increased many times. NDTV has come up with top challenges for Jaitley.
Here are Jaitley's top five challenges:
·Boost growth for an economy that's slowing to four-year low
·Government unlikely to meet 3.2 per cent fiscal deficit target for current fiscal year
·Global oil prices rose by 40 per cent since June, driving domestic prices up--puts upward pressure on inflation
·GST collections rose to Rs 86,703 crore in December; still down from collections in July, August
·Pressure to moderate tax rate
Now, the question is--will Jaitley be able to overcome all the challenges confronting him and the nation in general? Well, only time will tell.