Federal Minister for Finance and Revenue Senator Ishaq Dar on Friday presented the federal budget for Fiscal Year 2023-24 with a total outlay of Rs14.5 trillion.
Ishaq Dar maintained that the Pakistan Democratic Movement (PDM) government was taking ‘corrective measures to bring the economy back on track’ after PTI disaster. “By the help of Almighty Allah, the government saved Pakistan from getting default and exposed conspiratorial elements,” he added.
“Current account deficit decreased drastically during fiscal year 2022-23,” he said, adding that the incumbent government adopted “austerity measures” to reduce the deficit.”
“The current government significantly reduced unnecessary expenditure”, the minister said, adding that despite a huge increase in interest payments, the fiscal deficit was decreased.
Ishaq Dar noted that the “PTI’s selected government prioritised political interests over national”, adding that the people of Pakistan know who “tried to save the country and who pushed it towards destruction”.
The finance minister pointed out that the country has faced major economic problems due to floods.