The delay in the agreement with the International Monetary Fund (IMF) started affecting the schedule of preparation of the new budget.
According to sources, tax revenue, fiscal deficit, development budget and key targets will be approved by the IMF.
According to the sources, the strategy paper of Budget 2023-24 could not be prepared due to political and economic uncertainty.
The Budget Strategy Paper was planned to be approved by the Cabinet in the second week of April.
On the other hand, the schedule for fixing the budget limit for development and ongoing expenditure was also affected.
According to the sources, the meeting of the annual plan coordination committee could not be called yet, the meeting of the National Economic Council regarding the budget is scheduled for the first week of May.
According to sources in the Ministry of Finance, the budget document will be finalized by the end of May for the approval of the Cabinet, while the budget is planned to be presented to the Cabinet and Parliament in the first week of June.
According to the sources, the federal budget for the fiscal year 2023-24 is likely to be prepared on the dictation of the IMF, tax revenue, fiscal deficit, development budget and major targets will be approved by the international financial institution.
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