National Budget Fiscal Year for 2026-27 Economic and economic development claims

94 news writing: Tariq Mahmood Jahangiri Comr

The federal government fiscal year 2025-26 of the 17.5 A federal budget of trillion rupees has been presented. Debt servicing and defense have once again emerged as the biggest expenditure in this national budget. Due to the priority given to defense and debt repayment in the federal budget, the financial scope for development work and public welfare has become limited. 10 According to the federal budget to be presented in June, on the payment of debts 8.2 Trillion rupees will be spent, which is almost half of the entire budget. For the defense sector 2.5 Trillions of rupees have been allocated. Due to this, financial resources for important sectors like education, health, and social security have become more limited. Experts say that the defense budget has been increased in the context of the recent Indo-Pak War. One trillion rupees in the budget for pension payments, 1.9 Trillion rupees for grants to provinces, 1.2 A trillion rupees is earmarked for subsidies, and another trillion rupees for running the day-to-day affairs of the federal government. 14.1 A higher tax collection target of trillion rupees has been set, while non-tax revenue 5.1 It is estimated to reach a trillion rupees. GDP growth target 4.2 Per cent, of agriculture 4.5 percent, and of small industries 8.7 The percentage is fixed. Along with the change in the tax rate imposed on the salaried class, the number of tax slabs has also been announced. The number of tax slabs for the salaried class has been increased from six to eight in the next financial year. Federal Finance Minister Muhammad Aurangzeb while presenting the budget in the National Assembly said that the government has decided to provide relief to the salaried class of four slabs of income. It was also announced to abolish the nine percent surcharge on high income earners in the salaried class. 50 The tax rate will be zero on salary up to 1000 per month. One percent tax will be levied on the salaried class with income up to Rs 1 lakh per month. With Rs.6,000 on those with a monthly income of one lakh to about two and a half lakhs 11 A percentage tax will be levied. Federal Finance Minister Senator Muhammad Aurangzeb clarified that this budget is being presented at a time when Pakistan has emerged as a stable and dignified country in the world. It is possible that in view of the security situation, the government may change the financial year 27-2026 Total for defense expenditure in the budget of 2,450 Billions of rupees have been allocated. The federal government in its budget 15 Crores from Rs 50 It has been decided to completely abolish the super tax levied on six slabs of income up to Rs.10 crore, which ranged from one per cent to seven and a half per cent. 50 Super tax rate on income above Rs 10 It has been proposed to reduce it from 100% to 8%. Perhaps this initiative has been taken to promote small businesses and industries, to create ease of doing business. Existing surcharges on banks, oil and gas exploration companies and fertilizer companies have been retained. The Federal Finance Minister said that the net income of the federal government 11,751 Billion will be Rs. While the total cost estimate 18,771 Billion is Rs. Of which 8,054 Billion rupees will be earmarked for payment of markup. Federal Public Sector Development Programmes (PSDP) of the 1,000 A budget of billion rupees has been allocated. For expenses of civil administration 1,071 billion and for pension expenditure 1,169 Billions of rupees have been allocated. In the minimum monthly salary of the worker 10 A percentage increase is suggested. For health projects in the budget 25.1 Billions of rupees have been allocated. The government has announced to completely abolish the tax imposed on contraceptives. It has also been decided to impose federal excise duty on imported cars and SUVs larger than 2000cc and up to 3000cc. According to the finance minister, the government has done this to protect the people from the drastic increase in the prices of petrol and diesel 128 A general petroleum subsidy of Rs.1 billion was provided. While a coordinated and transparent system of targeted petroleum subsidy for the deserving sections was successfully implemented with the cooperation of the provincial governments. The Federal Finance Minister, while presenting the budget, also claimed that the foreign exchange reserves have now increased 17 Billion dollars have exceeded. Only the first of this year in terms of remittances 11 Within months 38 Billion dollars have been received. And by the end of the financial year, this is the highest volume in the country's history ie 41 It is likely to reach a billion dollars. According to the Federal Finance Minister, in surplus 2.3 The percentage improved. inflation 23.4 By decreasing the percentage 4.5 The percentage remained. Pakistan 2022 After re-entered the global financial market and 750 Successfully issued a million dollar Eurobond. In corporate sector profits 22 The percentage increased. 39 Thousands of new companies were registered. In the privatization sector, the government achieved a historic achievement, fulfilling a decades-old agenda. Transfer of Pakistan International Airlines to the private sector 185 Completed for billions of rupees. This claim was also made in the national budget 53 percent found employment. While under Youth Loan Scheme 258 Billions of rupees were distributed out of which 534,000 The youth benefited. For Karachi Rohri Section 25 Billions of rupees have been allocated for Gwadar port transport projects 93 An amount of more than billion was allocated. The federal budget also claimed that as subsidy for power and other sectors 1,091 An amount of billion rupees is being allocated. Similarly, Prime Minister for Apna Ghar scheme 71 An amount of billion rupees has been allocated. In the Federal Development Budget 43 For water projects 103.1 Billions of rupees have been allocated. For Diamir Bhasha Dam 14 Billion rupees, for Mohmand Dam 22 billion, for Dasu Hydropower 15 billion and for four of Karachi's bulk water supply project 10 Billions of rupees are included. For urban development and housing sector 54.6 Billions of rupees have been allocated. For the higher education sector in the budget 46 Billions of rupees have been allocated. Separate for science and technology 3.6 Billion rupees while for Roshan Example Danish Schools approx 22 Billions of rupees have been allocated. For school and college education as a whole 26.3 Billions of rupees have been allocated. Under the Prime Minister's Youth Skills Development Program through Nautik for youth skilling and employment 7.9 Billions of rupees have been allocated. Aggregate for the merged districts of Kashmir, Gilgit-Baltistan and Khyber Pakhtunkhwa 144.9 Billions of rupees have been allocated. Prime Minister Mian Shehbaz Sharif has claimed that the national budget of the current financial year has been prepared very sincerely, the welfare of the people has been given first priority. Prime Minister Shehbaz Sharif also said in his message that Alhamdulillah this budget has been prepared with great effort and sincerity. The goals of socio-economic prosperity through creation of new employment opportunities and people-friendly policies have been given prominence.

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