What Relief For Public In Govt Budget 2023-2024 ? | Experts Analysis | Dunya Kamran Khan Kay Sath |
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Finance Minister Ishaq Dar will soon unveil the federal budget for the fiscal year 2023-24 with a proposed outlay of Rs14.4 trillion. With a higher consolidated budget deficit of over 6% of GDP, the government will also dole out funds on different targeted schemes to lure voters in the next general elections. Moreover, the government has set the Federal Board of Revenue's (FBR) tax collection target at Rs9.2 trillion, and a non-tax revenue target of Rs2.7 trillion. For the non-tax revenue target, the government plans to secure powers by amending the finance bill to jack up the petroleum development levy (PDL) from Rs50 per litre to Rs55-60 per litre in order to collect Rs870 billion in the next budget against revised estimates of Rs550 billion for the outgoing fiscal year. The lack of credibility of the budgetary numbers will continue haunting the economic managers because they will keep changing during the course of the financial year. Advertisement · Scroll to continue Reporting by Asif Shahzad; Editing by Alexander Smith Our Standards: The Thomson Reuters Trust Principles. Asif Shahzad Thomson Reuters Shahzad is an accomplished media professional, with over two decades Finance Minister Ishaq Dar will soon unveil the federal budget for the fiscal year 2023-24 with a proposed outlay of Rs14.4 trillion. With a higher consolidated budget deficit of over 6% of GDP, the government will also dole out funds on different targeted schemes to lure voters in the next general elections. Moreover, the government has set the Federal Board of Revenue's (FBR) tax collection target at Rs9.2 trillion, and a non-tax revenue target of Rs2.7 trillion. For the non-tax revenue target, the government plans to secure powers by amending the finance bill to jack up the petroleum development levy (PDL) from Rs50 per litre to Rs55-60 per litre in order to collect Rs870 billion in the next budget against revised estimates of Rs550 billion for the outgoing fiscal year. The lack of credibility of the budgetary numbers will continue haunting the economic managers because they will keep changing during the course of the financial year. Macro Matterscategory China's on the move again, economic outlook brightens Macro Matterscategory Japan's biggest banks to raise housing loan rates after BOJ's policy tweak Macro Matterscategory Japan's tourism restart stirs hope of service-sector recovery -PMI Macro Matterscategory South Korea's Sept inflation slows but tightening bias seen intact Macro Matterscategory China's factory inflation hits 17-month low, consumer prices speed up Macro Matterscategory China July services activity expands at quickest pace in 15 months - Caixin PMI Welcome to the official channel of Dunya News. Pakistan’s Top News Network delivering the latest from around the globe. Home to some of the most popular Talk Shows and Journalists such as Hasb e Haal, Mazaaq Raat, Dunya Kamran Khan Kay Sath, On The Front With Kamran Shahid, Think Tank, Ikhtalafi Note and, more. Dunya News Live Stream https://dunyanews.tv/live Follow Our Facebook Page: https://www.facebook.com/dunyanews Follow our Twitter Page: https://twitter.com/dunyanews |