[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The Prime Minister’s House budget has increased by Rs 260 million, bringing the total for the 2018 fiscal year to Rs 1.2 billion. The PM House had a budget of Rs 993 million in the previous fiscal year.
However, the PM House’s costs have risen by Rs 10 million above the allotted sum. The PM House is anticipated to have spent Rs 480 million by the end of this year. The PM House’s overall public expense budget is 630 million rupees.
It is important to note that the federal budget for Fiscal Year 2023–2024, with a total outlay of Rs 14.5 trillion, was presented by Senator Ishaq Dar, the federal minister for finance and revenue.
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The expected GDP growth for the federal budget for the upcoming year is 3.5 percent, which is seen as a reasonable goal. Ishaq Dar emphasised that this budget is focused on the real economy rather than being expressly designed for electoral considerations.
Dar estimates that Rs 14.46 trillion will be spent on the budget’s entire expected expenses, of which Rs 7.3 trillion will be used to pay interest. The primary balance will have a surplus of 0.4 percent of GDP, while the estimated budget deficit is 6.54 percent.
For the fiscal year 2024, the Federal Board of Revenue (FBR) hopes to collect Rs 9.2 trillion in taxes, with the provinces contributing Rs 5.276 trillion.[/vc_column_text][/vc_column][/vc_row]
