Budget 2017-Inherent Aspects and its Implications

The Budget is a financial statement of the country which describe the status of economy by considering twin factors of expenditure and Revenue. It occupies significant position in the minds of people as the budget either directly or indirectly affect the livelihood of them. In those lines, the Budget 2017 assumes importance as this document comes with the integration of railway budget that too in the post demonetization period and also at the time of Government is mulling over on implementation of GST. Some of the experts categorized this budget as an extraordinary and novel while others doesn't find any radical aspects with respect to growth of GDP and elimination of poverty etc. This document analyse the various aspects of budget in an nutshell form to make the people to understand its inherent concepts.