- The Federal PSDP set at RS1 Billion.
- The defense budget provides 2.55 rumors of rupees.
- An increase in wages between 7.5% and 10% planned.
Islamabad: Federal Minister of Finance Muhammad Aurangzeb will present nearly 18 billions of federal rupees for the next fiscal 2025-2026 in the National Assembly today (Tuesday), The news reported.
The budget session will take place under the presidency of the speaker Ayaz Sadiq at 5 p.m. A four -point program for the session has been issued, according to which the session will open with the recitation of the Holy Quran, Hadiths, Naat of the Holy Prophet (PSL) and the national anthem.
Following this, and with the authorization of the speaker, Finmin Aurangzeb will present the Federal Budget 2025-2026. He will also lie down before the revenues of the Chamber and other related documents, as will present the 2025 financial bill.
The upcoming budget is planned for RS17.6 Billions, slightly less than RS18.78 Billions of Rs last year. The Federal Board of Return (FBR) has received a target of tax recovery from RS14.02 Billion, compared to the revised estimates of RS12.33 Billions for the outgoing exercise.
However, obtaining the revised objective of RS12,33 Billion by June 30, 2025, remains a challenge. In the midst of expectations of an increase of 7.5% to 10% of the salaries of public sector employees, the Ministry of Finance prepared four proposals for increases in remuneration and pension, ranging from 5% to 12.5%.
The ministry wishes to limit this increase in the range from 7.5% to 10% in the following budget. The disparity allowance of up to 30% should be provided for grade 1 to 16.
On the income side, the FBR tax collection objective was envisaged around RS14.2 Billions, while the tax lens without tax could hover on RS4 to 4.5 rumors of rupees during the following financial year.
After providing nearly 60% of the provinces as part of the Divisible Federal Pool (FDP) under the NFC price, the provinces could obtain 8 billions of rupees in the upcoming budget. The center will therefore remain with the income of RS6 Billion and non -tax revenues of RS4 or 4.5 Billions of rupees.
The Government will have to obtain funding by RS6 to 7 Billions to restrict the deficit within the desired limits. The provinces will have to generate a surplus income to reduce the global consolidated budgetary deficit within the framework of the International Monetary Fund Program (IMF).
The defense budget was envisaged at 2.55 rummage of rupees in the upcoming budget since 2025-26. The increase payments were set at RS8.2 Billions in the following budget, compared to 9.7 Billions of rupees in the last budget. The Federal Government Pension Bill is set at Rs1,05 Billions, the subsidies are Rs1,186 Billions and subsidies are Rs1.9 Billions.
The Federal PSDP was set at Rs1 Billion in the upcoming budget. Total raw income revenues were envisaged at Rs19.298 Billion with the FBR objective of RS14,131 Billion, the tax lens without a tax of 5.167 Billions of Rupes. The transfer to the provinces as part of the NFC price is envisaged at RS8.2 Billions, so that the net revenues of federal government revenues will be left to RS11.072 Billion.
Total federal expenses have been envisaged at Rs17.573 Billions with current expenses could be located at RS16.286 billion development expenses of RS1 billion rupees.
Meanwhile, the president of Na Sadiq approved the calendar of the next sessions of the National Assembly concerning the presentation and discussion of the Federal Budget 2025-26.
According to the calendar, the Chamber will remain in recess on June 11 and 12, after the budgetary presentation today, and the budgetary debate will begin on June 13.
Ayaz said that all the parliamentary parties of the National Assembly will have time to participate in the budgetary debate in accordance with the rules and procedures of the Assembly.
The general discussion on the budget will continue until June 21. There will be no session of the room on June 22. On June 23, the National Assembly will have a discussion on the expenses responsible for the year 2025-26. This will be followed by the debates and the vote on subsidies and rejections on June 24 and 25.
The 2025 financial bill will be supported for approval by the National Assembly on June 26, while additional subsidies and other related questions will be discussed and voted on June 27.