Finance Minister to Present Rs18 Trillion Federal Budget

The Finance Minister is gearing up to present the Rs18 trillion federal budget for the fiscal year 2024-25 in the National Assembly. The primary focus of this budget is on fiscal consolidation to manage the budget deficit effectively. The budget aims to tackle various public issues, rejuvenate the agriculture sector, promote information technology, boost exports, enhance industrial growth, and provide support to businesses.

This meticulously crafted budget takes into account the current economic challenges both at home and abroad. The government is committed to delivering a budget that is people-centric, supportive of businesses, and forward-thinking.

On the revenue front, the government is anticipated to set a revenue collection target exceeding Rs12 trillion for the upcoming fiscal year, building on the robust revenue growth witnessed in the outgoing fiscal year 2023-24.

The budget formulation process involves close collaboration among all pertinent departments and ministries. It will prioritize policies centered on fiscal consolidation, revenue generation, economic stability, reduction in non-development expenditures, and job creation.

The upcoming federal budget for the fiscal year 2024-25 is poised to address critical economic issues and pave the way for sustainable growth. With a strong emphasis on fiscal consolidation and revenue generation, the government aims to steer the economy towards stability and prosperity, benefiting both the public and businesses alike.