The budget of 14 thousand 500 billion rupees for the new fiscal year will be presented in the National Assembly today. In the budget, the target of imports is 58.70 billion dollars and the volume of exports is being allocated 30 billion dollars, while the trade deficit is likely to be 28.70 billion dollars.
Finance Minister Ishaq Dar will present the budget proposals in the House, the size of the federal development budget is likely to be kept at 1150 billion rupees, which will be 31% more than the current year, in which 90 billion rupees will be allocated for the schemes suggested by the parliamentarians. have been.
In the next fiscal year’s budget, about 80 percent of the tax revenue will go to debt and interest payments, 7300 billion rupees are proposed to be withheld for debt and interest payments, 430 billion for the Benazir Income Support Program, 1300 billion for the Benazir Income Support Program. 1800 billion is likely to be allocated for subsidy and defence.
The overall development budget for the next fiscal year will be 2500 billion rupees, which is 4 percent more than the current fiscal year.
The size of the provincial development budget is 1350 billion rupees, the development budget of Sindh has been proposed to increase by 40% to 617 billion rupees, while the interim budget of Punjab and Khyber Pakhtunkhwa is being proposed for 4 months.
The development budget of Punjab is 426 billion rupees and 268 billion rupees of Khyber Pakhtunkhwa is being proposed. The development budget of Balochistan will be 248 billion rupees which is 65% more than the current year.
