PSDP outlay for next fiscal year set at Rs800b for 5% GDP growth

Govt likely to allocate Rs700 bn for development for next fiscal year


ISLAMABAD: The federal government is expected to submit a development budget of Rs 70,000 crore for the next fiscal year 2022-23 in the National Assembly on June 10.

Inflation, export, import targets have been set and an additional tax of Rs 115,500 crore has been proposed for the next fiscal year, with the tax target likely to be set at Rs 1,000 crore, the people said. 7255 billion.

It is also proposed to impose tariffs of Rs 843 billion and allocate a defence budget of Rs 1586 billion, while debt and interest payments are estimated at Rs 10 billion. 3523 billion.

The source added that an annual planning coordination committee meeting was also held to set economic targets, to be held on June 4. After the program coordination committee meeting, the National Economic Committee meeting and the NEC meeting will be held. Annual development and federal plans will be approved.

You may also like