Budget 2023-24 at a glance

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Budget 2023-24 at a glance

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ISLAMABAD (Dunya News) – Finance Minister Ishaq Dar on Friday presented the federal budget for the fiscal year 2023-24 with an outlay of around Rs14.5 trillion.  

Here are the salient features of the budget Mr Dar presented in the National Assembly.

• Rs1,804 billion earmarked for defence

• Rs1,150 billion allocated for Public Sector Development Programme

• Tax collection target set over Rs9 trillion

• Rs135 billion set aside for the Higher Education Commission

• Rs13.10 billion for Health Ministry

• Rs33 billion set aside for Railways

• Rs107 billion allocated for Ministry of Water Resources

• Rs170 billion earmarked for special initiatives of prime minister

• Rs157.50 billion allocated for National Highways Authority

• Rs30 billion allocated for a programme to convert agricultural tubewells to solar power

• Rs10 billion set aside for Prime Minister’s Laptop Scheme

• Rs8.85 billion earmarked for National Food Security

• Rs6 billion set aside for IT sector

• Rs5 billion allocated for women empowerment

• Rs540 million for National Heritage and Culture Division

• Rs17 billion allocated for the Karachi Greater Water Supply Scheme

• Rs14.86 billion earmarked for Karachi Coastal Power Project

• Rs26.10 billion earmarked for Pakistan Atomic Energy Commission

• Rs24.89 billion allocated for planning division

• Rs500 million for poverty alleviation and social protection

• Rs54.55 billion earmarked for Ministry of Energy

• Rs4.5 billion for climate change

• Rs60.90 billion set aside for Azad Jammu and Kashmir

• Rs57 billion earmarked for the merged districts of KP