Significant increase reported in PM House Islamabad budget
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ISLAMABAD: The Prime Minister (PM) House budget has reached Rs 1.2 billion with a Rs 260 million hike from the budget allocated in the previous fiscal year.
As per details, the budget allocated for the Prime Minister’s house for the next fiscal year is more than Rs 1.26 billion whereas the PM house budget was Rs 993 million in the previous fiscal year.
The expenses of PM house exceeded by Rs 10 million from the budget allocated. The PM house will spend Rs 480 million till the end of this year. Rs 100 crore hiked in the public expenses of PM house. The total budget allocated for the public expenses of the PM House is Rs 630 million.
It is pertinent to mention here that Federal Minister for Finance and Revenue Senator Ishaq Dar presented the federal budget for Fiscal Year 2023-24 with a total outlay of Rs14.5 trillion.
Giving details of the federal budget 2023-24, the finance minister for the next year, GDP growth had been budgeted at 3.5 per cent, terming it a “modest target”.
Ishaq Dar said that this budget is “not an election budget” and is focusing on the “elements of the real economy”.
