Prime Minister Shahaz Sharif has reached the Parliament House, journalist’s question is he bringing any relief to the people in the budget?
Answering this, he said that he should pray to provide a good budget for the people. A federal cabinet meeting was held under the chairmanship of Prime Minister Shahbaz Sharif, in which the budget proposals were approved.
Prime Minister Shehbaz Sharif while addressing a special meeting of the cabinet said that the salaries and pensions of the government employees will be increased.
have increased The Prime Minister appreciated the efforts of the economic team for the stability and development of the economy. He says that the services of the economic team for the country’s economy are commendable, the government will invest heavily in the agricultural sector and IT innovation, the interest-free loan program for small farmers will be expanded.
According to the report, a deficit of 750 billion was estimated in the budget of the next financial year 7 thousand 300 billion rupees will be spent on interest and debt repayment.
According to the report, 1800 billion rupees have been allocated for defense, inflation is estimated at 21%, growth rate is 3. 5 percent is likely to remain and the export target has been set at 30 billion dollars, subsidies have been estimated at 1250 billion rupees while it is proposed to keep 430 billion for the Benazir Income Support Program.
In the federal budget of the new fiscal year, to provide maximum relief to the people, development of the agricultural sector and innovation in the agricultural industry, promotion of information technology, increase in exports, promotion of industrial development, providing ease in business and investment and The focus is on documenting the economy.
The government is fully committed to present a people and business friendly federal budget, the new fiscal year federal budget has also focused on financial stability policies to control the deficit.
In the budget of the next financial year 2023-24, apart from the management of external financial payments, increase in revenues, measures for economic stability and development, reduction of non-developmental expenses, creation of employment opportunities in exports.
People-friendly policies will be included for growth and socio-economic prosperity of the country. In the federal budget of the new financial year, besides introducing reforms to improve governance and promote the private sector for investment, attention is also being paid to the development of the social sector. It will take steps to provide facilities to taxpayers.
Considering the strong revenue growth during the current fiscal year, the government is likely to set a revenue collection target of more than Rs.9 trillion for the fiscal year 2023-24.
It will take steps to broaden the base and provide facilities to taxpayers. Considering the strong revenue growth during the current fiscal year, the government is likely to set a revenue collection target of more than Rs.9 trillion for the fiscal year 2023-24.
It will take steps to broaden the base and provide facilities to taxpayers. Considering the strong revenue growth during the current fiscal year, the government is likely to set a revenue collection target of more than Rs.9 trillion for the fiscal year 2023-24.
