Federal cabinet approves budgetary papers

  • Cabinet approves budget outlay of Rs 5500 billion
  • Tax collection target of Rs 4500 billion
  • Target for non-tax revenue will be Rs 1050 billion
  • Psdp to see a cut of Rs 251 billion
  • Psdp size will be around Rs 750 billion
  • Cut in expenses to curb fiscal deficit by one percent
  • Defence budget to rise by eight to ten percent
  • Defence outlay will be around Rs 1010 billion
  • Distribution to provinces will be around Rs 2565 billion
  • Debt payment will be around Rs 1550 billion
  • Subsidy allocation would be Rs 230 billion
  • Subsidy will likely to be given on 100 items
  • Budget deficit set at Rs 1870 billion
Posted on: 2018-04-17T22:09:00+05:00