Islamabad: The federal government will present the budget for the next financial year 2025-2024 today.
According to the details, the federal budget of 18 thousand 900 billion rupees for the next financial year 2025-2024 will be presented in the National Assembly today, while before that the budget will be approved in the cabinet meeting chaired by the Prime Minister.
In the budget of the next financial year, it is proposed to increase the salaries, pensions and allowances of the government employees, while the lower grade employees and pensioners are also likely to get relief.
According to the sources, in the budget of the next financial year, it has been proposed and recommended to increase the tax and GST on imported mobile phones, while an increase of 1012 billion rupees has been recommended in the development budget, while 3792 billion rupees have been allocated for development projects. There is a possibility of going.
According to the documents, the federal budget will be allocated 1500 billion rupees, while the annual development plan of the provinces will be allocated 2095 billion rupees. The government has also decided to take new loans of 932 billion rupees for development projects in the next financial year, under which the federal government will take 316 billion and external loans of 600 billion. The Sindh government will take the highest external debt of 334 billion rupees.
Civil servants’ salaries are expected to increase by 10 to 15 percent in Jutt, while the tax collection target is likely to be set at Rs 12.9 trillion. According to sources, interest and debt payments in the budget are estimated at 9.5 trillion rupees, 800 billion rupees are expected to be allocated for subsidies in the energy sector and federal tax revenue is expected to be around 12.9 trillion rupees, while non-tax The initial estimate of revenue is Rs 2100 billion and the target is expected to be more than Rs 1050 billion from petroleum levy.
The news is also that the next federal government has taken a principled decision to increase the retirement age of government employees to 62 years in the next fiscal year 2024-25 and to introduce comprehensive pension reforms to reduce the burden of the pension bill on the national exchequer.
There was an important meeting between the Prime Minister and President Asif Ali Zardari regarding the budget, in which Asif Zardari assured support in the budget, while the issue of giving relief to the poor people was also discussed in this meeting.
