The PTI government will present a federal budget of Rs 8,400 billion today. Finance Minister Shaukat Aziz will present the budget in the National Assembly.
According to private TV, the federal budget has proposed to set aside Rs 3,100 billion for interest payments, Rs 2,100 billion for development works and Rs 1,330 billion for defense. The budget for the financial year 2021-22 proposes to increase the salaries of government employees by 10 to 15 percent.
The government has set a tax target of more than Rs 5,800 billion. The current account deficit target could be Rs. 2.3 billion, while the remittance target could be 31.3 billion.
