Union Budget 2018 : Demonetisation was received by honest taxpayers as 'Imaandari ka Utsav'
While presenting the Union Budget 2018 in the Parliament on Thursday, Union Finance Minister Arun Jaitley hailed the demonetisation move and stated that it was received by honest tax-payers as 'Imaandari ka Utsav'. Jaitley said tax payer base has risen from 6.47 crore in 2014-15 to 8.27 crore in 2016-17. The budget will be Narendra Modi government's last full budget before 2019 Lok Sabha elections. In Budget 2018-19, the government has pegged fiscal deficit at 3.3 per cent of GDP for the fiscal year starting April 1, 2018. Though the fiscal deficit target is higher than the 3 per cent as projected earlier in the fiscal consolidation roadmap, markets had expected the government to go for a higher fiscal deficit target. Watch this video to know more.