Tuesday, June 11, 2013

Budget to be announced tomorrow

ISLAMABAD: The newly elected government is all set to present its very first federal budget for the fiscal year 2013-14 before the National Assembly tomorrow (Wednesday). The national budget for the upcoming financial year envisages revival of economy, overcoming challenges at economic front, particularly resolving the energy crisis and reducing non-development expenditures and providing relief to the masses. Federal Minister for Finance Senator Muhammad Ishaq Dar will announce the budget 2013-14 after its formal approval by the federal cabinet, sources in the Finance Ministry said. “Overcoming the energy crisis, stabilisation of economy, cutting down the non-development expenditures, enhancing productivity through new growth strategies and welfare of the people will feature as priorities in the upcoming budget,” they added. The budget will also focus on social sector development and revenue enhancement, besides reforms will also be introduced for improving governance and boosting private sector investment. The National Economic Council (NEC) on Monday approved Rs 1155 billion development projects, including federal Public Sector Development Programme of Rs 540 billion and Rs 615 billion development funds for provinces. app

Courtesy www.dailytimes.com.pk

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