ISLAMABAD: Finance Minister Ishaq Dar, who is generally imperturbable, went raged at a reporter during a post budget press conference when he was asked a question.
Budget 2015 - 16
ISLAMABAD: The government has decided to impose ‘super tax’ on the affluent segment with annual income of more than Rs 500 million.
ISLAMABAD: Federal Finance Minister Ishaq Dar on Saturday appealed political parties to keep politics away from economy.
ISLAMABAD: Finance Minister Ishaq Dar has said that the new budget has been poor-friendly adding that the government has not increased prices of Ghee, sugar, and other essential commodities, ARY News reported on Saturday.
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.
For those who have actively followed the PML-N led government’s recent initiatives and herculean attempts to revive Pakistan’s economy (after PPP did their utmost to reduce it to shambles), this budget will prove to be an effective one, mind you, if implemented in letter and spirit.
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’.