Business

Budget 2022-23 Live Updates: Prime Minister approves 15% increase in salaries of Government Employees

Budget 2022-23 Live Updates: Prime Minister approves 15% increase in salaries of Government Employees

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.

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Your email address will not be published.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

Jeeny Pakistan

Careem Rival Jeeny to Launch in Pakistan

Sibtain AliJune 27, 2022
Cement sales in Pakistan

Cement sales in Pakistan reach their highest level in over a year

Sibtain AliJune 27, 2022
AED to PKR

AED to PKR – UAE Dirham to PKR Rates Today in Pakistan | 27 June 2022

Ali ShanJune 27, 2022
SAR to PKR

SAR to PKR – Saudi Riyal to PKR Rates Today in Pakistan | 27 June 2022

Ali ShanJune 27, 2022
Today Gold Rate

Today Gold Rate in Pakistan | 27 June 2022

Ali ShanJune 27, 2022
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

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

Copyright © 2022 Pakistan Lounge