The federal budget for the next financial year 2022-23, with a total expenditure of Rs 12,994 billion, is likely to be presented in the National Assembly on June 10, with additional taxes of Rs 1,155 billion proposed.
According to private TV, a meeting of the Annual Plan Coordination Committee (APC) has been convened on June 4 to set important economic targets, including economic growth, after which a meeting of the National Economic Council (NEC) will be convened. In which annual development plan and PSDP will be approved.
The meeting will also propose to set the federal development budget at Rs 700 billion next year. According to sources, the meeting is also likely to approve the GDP growth target for the next financial year. Inflation, exports, imports, remittance targets will also be set in this meeting.
Sources said that an additional tax of Rs. 1155 billion has been proposed for the next financial year. It is proposed to set a tax collection target of Rs. It is proposed to set a target of Rs. 843 billion for development and Rs. 700 billion for development program.
It is proposed to spend Rs. 1586 billion on defense. It is estimated to pay Rs. 3523 billion on loans and interest payments on loans during the next financial year. Billions of rupees have been invested.
