Pro IQRA News Updates.
The government has decided to present the budget for the next business year on 9 June. According to the report, the Ministry of Finance says that the meeting of the coordination committee for the annual plan has been called on June 2 in relation to the budget for the financial. year 2024-23, while the National Economic Council Meeting will be held on June 3, which will be chaired by Prime Minister Shahbaz Sharif. Budget targets for the new fiscal year will be finalized, provincial officials will also attend both meetings. The National Development Program will be reviewed for the new budget. According to the finance ministry, 700 billion rupees have been proposed for the federal development program in the budget for the next financial year, but the prime minister can increase the federal development program to 1,000 billion rupees. The Ministry of Finance says that the total size of the budget for the next fiscal year has been proposed at more than 14,600 billion and committees have also been set up to provide relief to the people in the budget. Apart from this, the economic growth target for next year is proposed to be more than 3 percent while the current fiscal year’s GDP growth is estimated at 0.29 percent.