The Union Budget 2018 will be presented on February 1, Parliamentary Affairs Minister Ananth Kumar said on Friday. The minister further said that the budget session of the parliament will be conducted from January 29 to April 6,2018.
The Phase 1 of the session will be held from January 29 to February 9 while the second phase will be from March 5 to April 6, Kumar said.
Budget 2018 will be presented by the finance minister Arun Jaitley for the fiscal year 2018-19.
This year’s budget holds special significance as this will be the first budget in the post- GST (Goods and Services Tax) era. Also, this will be Jaitley’s last full budget ahead of the general election in 2019.
Last year, for the first time, the budget was presented on February 1, as opposed to the last day of the month, as was the norm prior to that. The government also scrapped the practice of a separate railway budget last year.