Government sets Rs. 3.69 trillion for Net Revenue Receipts in Budget 2020-21

MG News | June 12, 2020 at 10:17 PM GMT+05:00

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June 12, 2020 (MLN): The total outlay for the net revenue receipts, which is a component of internal resources, has been set at Rs. 3.69 trillion, i.e. around 6.6 percent as compared to the actual budget figures and 19 percent higher as compared to the revised figures of Fiscal Year 2019-20.

The total amount projected for Tax Revenue totals 5.46 trillion, a breakdown of which shows that around Rs. 4.96 trillion have been earmarked for FBR taxes, while Rs. 501.3 billion have been allocated to other taxes.

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On the other hand, the non-tax revenue has been allocated Rs. 1.1 trillion, out of which, Rs. 210.7 billion have been earmarked for Property and Enterprise, Rs. 645.6 billion for Civil Administration, and Rs. 252.6 billion for Miscellaneous Receipts.

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