Govt to present Budget 2023-24 today

Govt to present Budget 2023-24 today

Islamabad (Web Desk): Finance Minister Ishaq Dar will present the federal budget for the fiscal year 2023-24 in the National Assembly (NA) on Friday (today).

The budget session of the lower house of the Parliament has been scheduled at 4pm today.

According to the sources, the government has already shared the draft of the annual budget with the International Monetary Fund (IMF).

The total outlay of the budget could be around Rs14500 billion with a deficit of 7.7 percent of the GDP.

The government is reportedly to set the tax collection target of Rs9.2 trillion and non-tax col­lection target at Rs2.8 trillion.

The government has proposed defense budget around Rs1.8 trillion, subsidies Rs1.3 trillion and Rs430 billion for the Benzair Income Support Programme (BISP).

The major part of the budget would be consumed by interest payments, which is project­ed at over Rs7 trillion.