Federal cabinet approves budgetary papers
MG News | April 17, 2018 at 10:09 PM GMT+05:00
- 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
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