70 billion by the federal government 22 A budget of Rs

Islam Abad(94 news) Federal budget 2019-20 70 billion in the National Assembly 22 Billion rupees was presented, the budget was presented by the Minister of State Hamad Azhar in the National Assembly, 1800 billion for the national development program and 6192 billion for non-developmental expenses were kept in the budget. He said in the budget speech in the National Assembly that the country's debts and payments had reached 31 thousand billion, foreign exchange reserves fell from 18 billion to 10 percent. Financial deficit reached 2200 billion, trade deficit reached 32 billion dollars. Brought down the trade deficit by 4 billion dollars. There has been no increase in exports in the last five years. The revolving credit of electricity had reached 1200 billion. There was a deficit of 1300 billion in the performance of government institutions. Billions of rupees were injected to keep the value of the rupee stable.

The Federal Minister of State said that exports increased during our time, and imports decreased by 4 billion dollars. 2 Billion dollars increased. China, Saudi Arabia and the UAE received $9.2 billion in aid, from China 313 Duty on goods will be traded, external deficit will be reduced in preparation of budget, imports will be reduced and exports will be increased. Taxes will ensure the target, FBR has been given a target of 550 billion. Many people do not pay taxes, but now in new Pakistan this will not be the case. A ministry has been created for the eradication of poverty. Interest-free loans will be given to 80 thousand deserving people. Equipment will be provided to the disabled. He said that the civil and military budgets were reduced through austerity. The civil and military leadership announced the ideal. I pay tribute to the army chief and the prime minister for not increasing the military budget. The civil budget will be kept stable up to 437 billion and the military budget will be 1150 billion. 12 billion has been set aside for agriculture, 10.4 billion for the development budget for Balochistan. 45.5 billion is being provided for Karachi. No loan will be taken from the State Bank to cover the budget deficit. Hamad Azhar said that for the national development program 1800 Billions of rupees have been kept. And the volume of non-developmental expenditure 6192 Billion 90 Crores of Rs. 12 billion has been earmarked for agriculture, for water resources 70 Billions of rupees are being allocated. The development budget for Balochistan is 10.4 billion. 45.5 billion is being provided for Karachi. No loan will be taken from the State Bank to meet the budget deficit. 2891 billion for interest payments 40 Crores of Rs. The expenditure on pension has been estimated at 421 billion rupees. Salaries of grade 1 to 16 employees are 10% and from grade 17 20 5% in the salaries of the employees, while there will be no increase in the salary of the employees of grades 21 to 22. The federal cabinet has decided to voluntarily reduce their salaries by 10%.