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Rs 3.9tr budget to be presented in parliament

ISLAMABAD: The budget 2014-15, to be presented by Federal Finance Minister Ishaq Dar on June 3, will have a total outlay of Rs 3.933 trillion, ARY News reported Wednesday.

According to sources, the budget deficit will be 4% of the GDP, which is prescribed by the International Monetary Fund (IMF).

Economic experts say the country had progressed in view of the policies adopted by the government, but load-shedding menace is still persisting with rising circular debt.

Traders are of the view that government must expand its tax net if it intended to achieve tax collection target of Rs 2.8 trillion. They added that government must also refrain from further burdening the current tax payers.

It is learnt that increase in pensions and salaries is also likely along with raise in funds for Benazir Income Support Program.                                                                                                                                                     

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