Federal Budget 2018 - 19: Government employees get multiple benefits in pay, pension, house rents etc.

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Federal Budget 2018 - 19: Government employees get multiple benefits in pay, pension, house rents etc.

ISLAMABAD - The Finance Minister announced ten percent adhoc relief allowance to the civil and armed forces employees and ten percent increase in pensions across the board.

House rent ceiling and house rent allowance have also been increased by fifty percent each.

Minimuum pension is being increased from the existing six thousand to ten thousand rupees considering the difficulties of low paid pensioners.

Similarly, family pension would also get increase from 4500 rupees to 7500 rupees.

Minimum pension of pensioners above seventy five years of age would be fifteen thousand rupees.

The government has also proposed an allocation of twelve billion rupees for provision of advances to government servants for house building and purchase of transport facility.

It has also set aside five billion rupees for senior officers' performance allowance, details of which would be announced separately.

Over time allowance of staff car drivers and dispatch riders is being increased from forty rupee per hour to eighty rupee per hour.

The finance minister said the financial impact of these proposals will be sixty nine billion rupees.

Federal budget for the next fiscal year with an outlay of 5246 billion rupees has been announced.

Minister for Finance Miftah Ismail presented budgetary proposals at the National Assembly today (Friday).

The federal gross revenue receipts are estimated at 5661 billion rupees as compared to 4992 billion rupees in the outgoing year.

This includes FBR's tax estimates of 4435 billion rupees as against revised estimates of 3935 billion rupees for the current financial year.

Out of the total revenues, the provincial governments' share is estimated to 2590 billion rupees as compared to 2316 billion rupees revised estimates for the current financial year.

After transfer to the provincial governments, the net revenue of the federal government is estimated at 3070 billion rupees for the next year as compared to revised estimates of 2676 billion rupees in the current financial year.

The interest payments for next year have been budgeted at 1620 billion rupees against the revised target of 1526 billion rupees for the outgoing year.

The defense budget is proposed at 1100 billion rupees against the revised budget of 999 billion rupees in the outgoing year.

Budget deficit will be four point nine percent of the GDP as opposed to five point five percent of GDP of revised budget estimates in the outgoing year.