The Finance Ministry has started preparations to present the budget for the upcoming financial year 2023-24 in the first week of June. The federal government has started the budgeting process for the upcoming financial year 2023-24 and has invited budget proposals from all relevant stakeholders as well as FBR field formations.
Apart from this, the schedule regarding the federal budget of the next fiscal year has also been released, for which the Ministry of Finance has issued a circular to all relevant field formations, in which the Ministry of Finance has released the schedule of the federal budget for the new fiscal year 2023-24. What has been released?
According to the Ministry of Finance, the budget for the next financial year will be presented in the first week of June.
The Ministry of Finance says that the plan is to finalize all budget documents by the end of May. The first budget review meeting is proposed to be held in the second week of May.
Officials of the Ministry of Finance say that the meeting of the National Economic Council will be held in the first week of May. It is proposed to convene the meeting of the Annual Planning Coordination Committee in the fourth week of April.
According to the finance ministry, the budget strategy paper is proposed to be approved by the cabinet in the second week of April and the budget review committee meeting is proposed to be held from March 22 to 31, while the budget for the next financial year will be presented in the first week of June.
