The federal budget is expected to be presented on June 11

 

The federal budget is expected to be presented on June 11, with an economic growth rate of 4.8 percent.

Private TV quoted sources as saying that according to the budget document, the total volume of the budget will be around Rs 8,000 billion, after which the volume of the economy will reach Rs 52,057 billion.

According to the budget document, Rs 3,060 billion will be spent on loans and interest in the federal budget while the budget deficit could be Rs 2,915 billion. Rs 530 billion can be set aside for subsidies and the defense budget is likely to be set at more than Rs 1,400 billion.

According to the document, in the next budget, tax revenue could be Rs 5820 billion while non-tax revenue could be Rs 1420 billion. In the next budget, the annual development program will be kept at Rs 900 billion and the development budget of the provinces will be up to Rs 1000 billion.