Salient features of budget for fiscal year 2019-20
Minister of State for Revenue Hammad Azhar presented Rs7.02 trillion federal budget.
ISLAMABAD (Dunya News) - Minister of State for Revenue Hammad Azhar presented Rs7.02 trillion federal budget for FY20 today (Tuesday).
The Salient features of this budget are:
The austerity-oriented budget, approved by the cabinet, has proposed a 10 per cent cut in ministers salaries and a subsidy worth Rs40 billion to industry for electricity and gas. However, the salaries of government employees and the pension of retired ones will get a 10 percent hike.
Azhar, while presenting the budget, said that Pakistan s trade deficit has been reduced by US $4 billion and now stands at US $22 billion. The minister said that the governemnt has a brought a new thought, new commitment and new approach to governance. He said it is time to lift the people who have been left behind and recalled the economic situation the government has faced since coming into power.
