Pakistan has shared the budget proposals for the next fiscal year with the International Monetary Fund (IMF).
Proposals for important targets including FBR targets, debt repayments have been shared from IMF.
Sources in the Ministry of Finance say that the IMF will review the budget and discuss the budget with the officials of the Ministry of Finance.
According to the sources of the Ministry of Finance, IMF is in talks with State Bank officials on financing for the next financial year.
Sources in the Ministry of Finance have said that Pakistan wants to complete the program with the IMF before June 30. As soon as the existing program is completed, Pakistan wants to negotiate for the next program.
Sources in the Ministry of Finance say that it was shared with the IMF that in the upcoming budget, it is proposed to allocate up to 8 thousand billion for debt and interest payments, the defense expenditure is estimated to be more than 1.7 trillion.
According to the sources of the Ministry of Finance, the proposal to collect 2.5 trillion rupees from the IMF through non-tax income was shared, the IMF was told that 900 billion rupees will be collected from the profits of the State Bank and 750 billion rupees from the PDL. will be done.
Sources of the Ministry of Finance say that the IMF was informed that in the budget of the next fiscal year, it is proposed to allocate 1.3 trillion in the form of subsidies, while the deficit of the federal budget may be 6.4 percent of the GDP.
According to finance ministry sources, Pakistan wants the staff level agreement to be immediately sent to the IMF’s executive board for approval.
Pakistan proposes to start negotiations for the 10th and 11th reviews as soon as the Staff Level Agreement is finalized for the IMF.
Sources of the Ministry of Finance also say that the negotiations with the IMF are very good, but the attitude of the IMF changes at the time of correspondence.
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