Last Updated on: 29th June 2023, 04:29 am
PTI govt to announce Federal Budget 2021-22 with Rs8 trillion outlay on June 11 (Friday) with a total expenditure of 8 trillion rupees, reported news media officials.
Media Sources said the government has proposed a defense allocation of Rs.133 trillion, of which Rs.3.15 billion will be used for interest payments.
The growth target for the gross domestic product (GDP) was set at 4.8% in the budget 2021-2022.
The Federal Board of Revenue’s (FBR) tax collection target for the next fiscal year will be set at Rs.5829 billion, they said, adding that the government has projected an export target of Rs.26.8 billion and imports at $55.30 billion.
The government will target the current account deficit target at $2.30 billion and remittances at $31.30 billion in the 2021-22 budget.
It plans to set aside 994 billion rupees for various subsidies and 501 billion rupees for subsidies.
Also Read: Salaries to increase and ‘No New Taxes’ on the salaried person in Budget 2021-22
Sources said the turnaround rate will be held at 8% for the fiscal year 2021-22, while industrial growth is 6.8%, big industry is 6.2%, total investment target is 16% and national savings is 15, 3% will be.
Federal Finance Minister Shaukat Tarin will present the National Economic Survey for the 2020-2021 financial year today.
Pakistan Economic Survey will provide an overview of the national economy, highlighting the achievements and achievements in various sectors in the current fiscal year.
In a statement, the finance minister said the government was determined to prepare a philanthropic, business-friendly, and the growth-oriented federal budget for 2021-2022 for the next fiscal year.
Also Read: Budget 2021-22 will Announce on June 11: Pakistan
He expressed his determination to seek comprehensive, sustainable, and robust economic growth through short, medium, and long-term economic planning.
