ISLAMABAD – The basic model of the federal budget 2021-22 has been emergedon Thursday.
According to the reports, the main targets of the budget strategy will bebudget relief and investment. “Balance in food prices and increase in taxrevenue are also important targets of the budget.”
It was also reported that the target of raising taxes will be important onthe basis of GDP growth. The plan has been set to achieve the tax targetwith 4 per cent GDP growth and 8 per cent inflation.
Relief goals will be achieved by raising the minimum wage, salaries andagricultural support price.
A day earlier, the total outlay of the federal budget is estimated atRs8400 billion with a recommendation of upto 10 to 15 per cent increase insalaries of the government employees.
According to the sources, the federal budget 2021-22 having a total outlayestimated at Rs8.4 trillion will be presented before the National Assemblyon June 11.
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It was also reported that it has been recommended in the budget that no newtaxes should be imposed on salaries person. The sources also said that thedefence budget is estimated at over Rs1300 billion for the next fiscal year.
Meanwhile, the federal government is likely to earmark a whopping Rs100billion for the Kamyab Jawan Programme in the upcoming budget for thefiscal year 2021-22.
Source:link
