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The PTI-led government on Friday unveiled the federal budget for the fiscal year 2021-22 amid opposition protest.
The total size of the budget or the total expenditure budget for the next year is Rs8,487 billion — almost 19 per cent higher than last year's budgeted expenditure of Rs7,136 billion.
For FY22, the government has set the GDP growth target at 4.8 per cent, Finance Minister Shaukat Tarin announced.
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Jun 11, 2021 05:52pm
That's a really great budget. Almost unbelievable keeping in view the Covid epidemic.
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Jun 11, 2021 06:57pm
Good budget
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Jun 11, 2021 07:11pm
Something is gonna superb this year. Pakistan is seems to be on the right track after a long history of fake growth. The economic foundations of the country are getting solider.
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Jun 11, 2021 07:36pm
3060 Billion Rupees for interest payments alone. Then came the defense budget of 1360 Billion and Pensions are consuming 480 Billion rupees and provision of pay and pension for 160 Billion rupees again. Moreover running of the Civilian government will cost 479 Billion rupees. So imagine more than 65% of the budget is going to these 3 sectors which we can actually mitigate. Tax payers are paying the high pension of more than 600 Billion to government employees. It is astonishing in my view.
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Jun 11, 2021 07:38pm
@Fastrack, Can you elaborate with numbers that what is friendly in this budget?. What tax rebate SMEs are getting?. Why the GST is still fixed at 16% whereas Telecom sector will enjoy a services tax cut by a huge margin?. Yes this budget is friendly for corporations only. Ordinary people are not getting much from it.
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Jun 11, 2021 07:54pm
What is the fun of setting budget targets, when there are no means of a achieving it? It is well known from decades of experience that, budgets are made by the financial experts and executed by the hyper-experts in corruption.
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Jun 11, 2021 09:00pm
Despite tall claims of recovery in exports targets for the year 2021-22 has been kept as 26 billion dollar that is moderate. What could be the reason? May be relations with US are not settled. US is biggest export destination of Pakistan goods. No body has clarity which ways bases issue settled.
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Jun 11, 2021 10:13pm
What a budget! Govt officials taking bribe and 10 percent increase in their income? Rs66 billion to be provided to the Higher Education means 660 top ranking Universities Sunami or? We know what come out. Exactly an Inflation Sunami. Who will pay Budget money, people tax and IMF loan.. And this is the future of Pakistan. This is how we will run our country. Hello..
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Jun 11, 2021 10:37pm
@Fastrack, The budget is “almost unbelievable” for all the wrong reasons.
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Jun 11, 2021 11:16pm
@Fastrack, 8.5 trillion with Covid? What A MEGA GREAT BUDGET. Isn't it? We Pakistanis are very proud today...
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Jun 12, 2021 12:18am
@Skeptic 2,
For once, get help for your Pakistan obsession.
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