Federal Budget 2023-24 Pakistan
Federal Budget 2023-24 Pakistan
Budget 2023-24: Federal Pakistan
The federal government of Pakistan has announced its budget for the fiscal year 2023-24. The budget, which was presented by Finance Minister Miftah Ismail on June 8, 2023, is aimed at stimulating economic growth and reducing inflation.
The budget has a total outlay of 14.5 trillion Pakistani rupees ($50.70 billion). The government has set a GDP growth target of 3.5% for the next fiscal year. To achieve this target, the government has proposed a number of measures, including:
- Increasing public spending on infrastructure and development projects
- Providing tax relief to businesses and individuals
- Increasing the availability of credit to businesses
The government has also set a target of reducing inflation to 11% by the end of the next fiscal year. To achieve this target, the government has proposed a number of measures, including:
- Increasing the supply of essential goods and services
- Controlling the prices of essential goods and services
- Increasing the availability of jobs
The budget has been met with mixed reactions. Some economists have praised the government for its focus on stimulating economic growth. Others have criticized the government for its failure to address the issue of inflation.
The budget will be closely watched by investors and economists in the coming months. The success of the budget will depend on the government’s ability to implement its policies and achieve its targets.
Key Highlights of the Budget
- GDP growth target of 3.5%
- Inflation target of 11%
- Total outlay of 14.5 trillion Pakistani rupees ($50.70 billion)
- Public spending on infrastructure and development projects
- Tax relief for businesses and individuals
- Increased availability of credit to businesses
- Increased supply of essential goods and services
- Controlled prices of essential goods and services
- Increased availability of jobs
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- Increased availability of credit
- Increased supply of essential goods and services
- Controlled prices of essential goods and services
- Increased availability of jobs
Here are some additional keywords that you may want to consider:
- Economic growth
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Conclusion
The budget for the fiscal year 2023-24 is a comprehensive document that addresses a number of important issues. The government has set ambitious targets for economic growth and inflation. The success of the budget will depend on the government’s ability to implement its policies and achieve its targets.
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Budget 2023-24: Govt employees likely to get up to 30pc increase in salaries
Budget 2023-24: Govt employees likely to get up to 30pc increase in salaries
Key facts about Pakistan’s upcoming federal budget 2023-24