Govt unveils Rs 7.137 trillion relief budget for FY2020-21 sans new taxes

Shares
Govt unveils Rs 7.137 trillion relief budget for FY2020-21 sans new taxes

ISLAMABAD-Despite unprecedented financial constraints and economic slowdown caused by coronavirus pandemic, the Federal Government has unveiled 7.137 trillion rupees growth and relief-oriented budget for next fiscal year, without imposing any new tax.

While presenting the budget in the National Assembly, Federal Minister for Industries and Production Hammad Azhar said the budget focuses on striking a balance between corona expenditure and fiscal deficit, keeping primary balance at sustainable level and protection of social spending under the Ehsaas Programme to support vulnerable segments of society.

The Minister further said, resource mobilization without unnecessary changes in tax structure, successful continuation of IMF programme, carrying forward of stimulus package, keeping development budget at adequate level to inject economic growth, and according importance to defence and internal security of the country are the main features of the budget.