ISLAMABAD: Finance Minister Ishaq Dar on Saturday said that the focus of the new federal budget is on growth and job creation, ARY News reported.
ISLAMABAD: Finance Minister Ishaq Dar has unveiled a budget with a total outlay of Rs 4.39 trillion for the fiscal year 2016-17, indicating 7% increase over the outgoing year.
PESHAWAR: Khyber Pakhtunkhwa Minister for Finance Muzafar Saeed will present the third budget of the PTI-led provincial government with the volume of around 472 billion rupees, ARY News reported on Monday.
ISLAMABAD: The government has decided to impose ‘super tax’ on the affluent segment with annual income of more than Rs 500 million.
The Federal Government has increased the allocation for the environment by 12.7% from 936 million for 2014-15 to Rs 1,055 billion for 2015-16.
Of every Rs100 that govt spends in 2015-16, Rs53.63 will go to service debt, defence & running of govt
Of every hundred rupees that the Federal Government will spend in 2015-16, more than a quarter, or Rs 28.75 to be precise, will go towards servicing its debt.
The table below shows that the bulk of the shortfall came from the Federal Board of Revenue’s end which missed its 2014-15 tax collection target by Rs 205 billion, or 7.2%
Interest in the budget every year runs high among the general public but few actually get down to reading it for themselves. This is important because it makes for more informed opinion on such a key policymaking document.
ANALYSIS: Budget dominated by ambitious targets, wishlists — debt servicing & 11.4% increase in defence spending
A glance at the figures for the Federal Budget 2015-16 announced this evening by Finance Minister Ishaq Dar suggests what you could call a ‘mixed bag’.
LIVE: Finance Minister unveils Rs 4.3 trillion budget for FY 2015-16; defence budget up by 11.4 % at Rs 780 billion
ISLAMABAD: Federal Minister for Finance Ishaq Dar today unveiled the budget for the fiscal year 2015-16 with a total outlay of Rs 4.33 trillion ($42.33 billion), ARY News reported.