The budget for the new financial year will be presented in the National Assembly tomorrow The size of the budget is likely to be 14500 billion rupees.
Federal Finance Minister Ishaq Dar will present the budget proposals in the House.
According to the sources, the fiscal deficit is likely to be kept at 7.7% in the budget of the fiscal year 2023-24.
The tax collection target for the next financial year is likely to be set at Rs 9200 billion, a target of Rs 2800 billion is being allocated for non-tax revenue.
Sources say that in the budget of the next financial year, the amount of subsidy has been proposed to be around Rs 1300 billion, the highest subsidy being earmarked for the power sector which will be Rs 976 billion.
It is proposed to allocate 7300 billion rupees for debt and interest payments, 1800 billion rupees are proposed to be allocated for defense in the next budget.
Sources said that 430 billion rupees will be allocated for the Benazir Income Support Program, the total development budget for the next financial year will be 2500 billion rupees.
The size of the overall development budget will be 4 percent more than the previous year, the size of the federal development budget is likely to be kept at 1150 billion rupees.
The development budget of Sindh is 617 billion rupees with an increase of 40% while the interim budget of Punjab, Khyber Pakhtunkhwa is being proposed for 4 months.
The development budget of Punjab is Rs 426 billion and that of Khyber Pakhtunkhwa is Rs 268 billion.
Balochistan’s development budget for the next financial year is proposed to be 248 billion rupees, the development budget of Balochistan is 65% more than the current year.
Sources say that PDL is proposed to be increased from Rs 50 per liter to Rs 60 per litre, it is estimated to earn Rs 870 billion from PDL, the target of imports is 58.70 billion and the volume of exports is set at 28.70 billion dollars. is going.
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