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Cabinet gives go-ahead to budget 2018-19

ISLAMABAD: The federal cabinet with Prime Minister Shahid Khaqan Abbasi in the chair on Friday discussed and approved the budget for the financial year 2018-19.  

Finance Minister Miftah Ismail briefed the cabinet about the federal budget, which afterwards unanimously approved the budget. It also approved the Finance Bill 2018-19.

The National Assembly has been summoned to meet at 4:30 pm for presentation of the federal budget.

The incumbent PML-N government is going to set a precedent for presenting six consecutive budgets during the five years of its democratic tenure from 2013-2018.

The budget will lend focus on improving economic growth, maintaining fiscal discipline, reducing non-development expenditures and boosting exports besides providing relief to the masses, promoting investment for job creation, treading the people’s friendly policies for over arching socio-economic prosperity.

All major opposition parties, including the Pakistan Peoples Party (PPP) and Pakistan Tehreek-e-Insaf (PTI), have announced to lodge a strong protest during the presentation of the federal budget.

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