Minister Aurangzeb outlines plan to boost tax revenue

Web DeskJune 28, 2024 02:28 PMpolitics
  • Government aims to increase tax-to-GDP ratio to 13%
  • Focus on generating revenue for essential services and projects
  • Proposal reflects commitment to economic stability and growth
Minister Aurangzeb outlines plan to boost tax revenueImage Credits: thenews.com.pk
Minister Aurangzeb addresses concerns, plans to boost tax revenue to 13% for economic stability and growth.

Minister Aurangzeb recently addressed the concerns raised by the opposition regarding the Finance Bill of 2024. He highlighted the current state of the economy, emphasizing that it has achieved a level of stability. One of the key points he mentioned was the government's plan to increase the tax-to-GDP ratio to 13% over the next three years.

This move is aimed at strengthening the country's financial position and ensuring sustainable economic growth. By raising the tax-to-GDP ratio, the government aims to generate more revenue to fund essential services and infrastructure projects.

Minister Aurangzeb's announcement comes at a crucial time when the country is facing economic challenges. The plan to boost the tax-to-GDP ratio reflects the government's commitment to improving the overall financial health of the nation.

Minister Aurangzeb's proposal to increase the tax-to-GDP ratio to 13% demonstrates the government's proactive approach towards economic stability and growth. By implementing this plan, the government aims to create a more robust financial system that can support the country's development needs in the long run.

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