Govt envisages increase in growth rate
Business
Budget targets to finalised in National Economic Council in meeting
ISLAMABAD (Dunya News) – While keeping a growth rate of over three per cent in mind, the federal government is set to present budget for 2023-24 on June 9.
According to the finance ministry, the annual Plan Coordination Committee meeting is scheduled for June 2 while Prime Minister Shehbaz Sharif will chair a sitting of the National Economic Council the very next day (June 3).
The meeting – to be also attended by provincial authorities – will give final approval to the budget targets and discuss the Public Sector Development Programme (PSDP).
It is expected that the size of federal development programme [PSDP] is expected to be around Rs700 billion; however, the prime minister may increase it to the tune of Rs1,000 billion.
The ministry says the total volume of the budget would be over Rs14,600 billion and committees have been formed for working on how to provide relief to the masses.
The projected rise in the Gross Domestic Product (GDP) to the level of over 3 per cent follows a growth of 0.29 per cent in the current financial year.
