The Central Government earmarked close to ₹20 lakh crore on the expenditure head of the Budget for 2016-17. It would be safe to assume that for the financial year 2017-18, the total expenditure to be allocated by Finance Minister Arun Jaitley would be between ₹22 lakh crore and ₹23 lakh crore. This would be about 14 per cent of India’s Gross Domestic Product at current prices.
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