The budget strategy paper for the 3-year period is likely to be presented to the federal cabinet next week.
According to the sources, the defense budget for the next financial year is likely to be allocated 1.7 trillion rupees, while this year the defense budget was allocated 1.56 trillion rupees.
The budget deficit is proposed to be 6.4 percent of GDP during the next financial year.
The overall deficit during the next fiscal year will remain at 5.1 percent in the next fiscal year, with the budget deficit projected to be 0.3 percent of the gross primary surplus GDP.
FBR’s tax collection target estimate for the next financial year is likely to be set at Rs 9.2 trillion.
Sources say that while Rs 7.2 trillion could be collected in taxes in the fiscal year ending June 30, the FBR wants to set a maximum target of Rs 8.6 trillion in the upcoming budget.
The growth rate is expected to be set at 3.4% and the inflation rate at 21% during the next financial year, the current account is expected to be set at 8 billion dollars during the next fiscal year.
setTimeout(function(){
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window,document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘836181349842357’);
fbq(‘track’, ‘PageView’);
}, 6000);
/*setTimeout(function(){
(function (d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s);
js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.11&appId=580305968816694”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
}, 4000);*/
