ISLAMABAD: Rs 3.9 trillion budget has to be showed in parliament

Budget Growth

The budget 2014-15, to be presented by Federal Finance Minister Ishaq Dar on June 3, will have a total expenditure of Rs 3.933 trillion.

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According to informants, the budget shortfall will be 4% of the GDP, which is prescribed by the International Monetary Fund (IMF). Economic experts say the country had progressed in view of the policies taken by the regime, but load-shedding menace is still hanging on with rising circular debt.

Traders are of the opinion that the government must extend its tax net if it intended to achieve tax collection target of Rs 2.8 trillion. They added that the government must also abstain from further burdening the current taxpayers.

It is learnt that increase in pensions and salaries is also likely along with a raise in funds for the Benazir Income Support Program.

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