Business

Budget 2022-23: Govt Increase Salary of Federal Employees by 15%

Budget 2022-23: Govt Increase Salary of Federal Employees by 15%

The budget primarily focuses on Pakistan’s fiscal policy, which will aim to keep the country’s economic growth above 5% while also managing declining Foreign Exchange reserves and maintaining balance-of-payments control.

Debt, defence, deficit, and development are the four most important D’s in the budget. Development investment has the greatest impact on growth, while debt and defence spending are mainly non-productive and account for around 60% of the budget outlay.

The budget for 2022-23 is mostly based on regressive measures, with the primary goals of lowering inflation, reducing the fiscal deficit, and reducing the current account deficit.

Advertisement

The government of Pakistan will present its budget for the next fiscal year 2022-23 in the National Assembly of Pakistan today, June 10, the last month of the previous fiscal year 2021-22. The budget speech will be delivered by the finance minister in the evening, and the decision to implement the new budget will take a few days.

Follow the latest updates on Budget 2022-23 in real-time as they get revealed.

RELATED: Budget 2022-23: Govt raises Tax on New Cars Over 1600cc by 100%

Read more on Latest Business News on Pakistanlounge.pk

 

Click to add a comment

Leave a Reply

Your email address will not be published.

Business

Sibtain Ali is a Senior Editor Business at Pakistan Lounge and joined in October 2021. Formerly business editor at a renowned International News website

More in Business

AED to PKR

AED to PKR – UAE Dirham to PKR Rates Today in Pakistan | 25 June 2022

Ali ShanJune 25, 2022
SAR to PKR

SAR to PKR – Saudi Riyal to PKR Rates Today in Pakistan | 25 June 2022

Ali ShanJune 25, 2022
Today Gold Rate

Today Gold Rate in Pakistan | 25 June 2022

Ali ShanJune 25, 2022
What is super tax

What is super tax and which sectors will be impacted by it?

Web DeskJune 25, 2022
Rs 75 note

FACT CHECK: SBP has not released any design for Rs 75 note

Sibtain AliJune 25, 2022
Salary tax calculator:

Salary tax calculator: How much tax will be imposed on your salary?

Sibtain AliJune 25, 2022
Flour Prices in Karachi

Flour Prices in Karachi Increase by Rs. 200 in One Week

Sibtain AliJune 25, 2022

Revised Tax Slabs for Salaried Class 2022 – Tax Increased Drastically

Sibtain AliJune 25, 2022
$2.3bn from China

Pakistan receives $2.3bn from China, Miftah Ismail

Sibtain AliJune 24, 2022

Pakistan lounge is Pakistan’s premiere magazine for news in politics, technology, entertainment, health and fashion etc.

Copyright © 2022 Pakistan Lounge