Last Updated on: 22nd July 2023, 05:00 pm
The federal budget for 2021-22 with an estimated absolute expenditure of 8.4 billion rupees will be presented to the National Assembly on June 11th.
As pointed out by knowledgeable sources, the absolute cost of the federal budget is estimated at Rs8400 billion, with a proposed increase in government wage rates of up to 10 to 15 percent.
Sources said the upfront budget – the Public Sector Development Program (PSDP) – is estimated at Rs 900 billion, on top of the additional Rs 500 billion reserves for government consumption.
Also Read: Budget 2021-22 will Announce on June 11: Pakistan
In addition, they announced that an amount of 400 billion rupees will be saved in the donation budget.
In the meantime, the federal government will probably reserve a whopping 100,000 crore for the Kamyab Jawan program in the next budget for the monetary year 2021-22.
The Prime Minister’s Special Assistant for Youth Affairs, Usman Dar, met with Finance Minister Shaukat Tarin and discussed the possible budget share for the Kamyab Jawan program.
At the meeting, the Finance Minister focused on the need to speed up the cycle of paying advances to young people under the plan. The government will expand the breaking point for advances, he added.
Also Read: Moodys says Pakistan sees strong long-term GDP growth
The Prime Minister’s Special Assistant for Youth Affairs said the Kamyab Jawan program is a fundamental plan to promote entrepreneurship in the country.
