Fed budget 2021-22 to be presented today
The federal budget of Rs 8,000 billion for the financial year 2021-22 will be presented today. According to the budget document, the size of the economy will reach Rs 52,057 billion. In the next budget, the economic growth rate will be 4.8 percent.
Budget 2021-22 will cost Rs 3,060 billion on loans and interest. The budget deficit is expected to be Rs 2915 billion.
According to the budget documents, Rs 900 billion will be allocated for the annual development programme. The development budget of the provinces will be around Rs 1000 billion.
Around Rs 530 billion are expected to be allocated for subsidies. The defense budget is expected to be more than Rs 1,400 billion. In the upcoming budget 2021-22, tax revenue is expected to be Rs 5820 billion. Non-tax revenue is expected to be around Rs 1420 billion in the budget.
The federal government has proposed Rs 900 billion for the development budget for the fiscal year 2021-22.