Finance Minister Ishaq Dar presented a budget of 14 thousand 460 billion for the financial year 2023-24 in the session of the National Assembly, half of the budget will be spent on paying interest on loans.
Ishaq Dar has presented the deficit budget for the next financial year, according to the budget for the fiscal year 2023-24, the income is 12 thousand 163 billion rupees and the expenditure is 14 thousand 460 billion rupees.
In this way, seven thousand 303 billion rupees i.e. half the budget will be spent in paying interest on loans.
184 billion rupees have been allocated for defense in the budget.
An amount of 1,464 billion rupees will be transferred to the provinces, 761 billion rupees will be spent on pension in the budget.
An amount of 950 billion rupees has been allocated for the annual development program of the federal government, 2527 billion rupees are expected to be received from abroad.
1906 billion rupees will be obtained from national savings schemes and other non-banking sources, 3 thousand 124 billion rupees will be borrowed from domestic banks.
Privatization of national enterprises will continue to be stalled next year, with the revenue target set at just Rs 15 billion.
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