The budget for the upcoming fiscal year 2024-25 will be presented today

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The budget for the upcoming fiscal year 2024-25 will be presented today in which the tax collection target for the Federal Board of Revenue has been set at Rs 12.97 trillion against the revised estimate of Rs 9.252 trillion for the previous fiscal year. The government wants to reduce the overall fiscal deficit from 7.6 percent to 6.5 percent of GDP in the next budget.

Prime Minister Shahbaz Sharif has called a special meeting of the federal cabinet today afternoon, in which the outline of the budget for the next fiscal year, including new taxes and relief for the people, and other important budget points will be presented in the cabinet. Finance Minister Muhammad Aurangzeb will brief the cabinet members on the budget and also answer their questions. After the approval of the cabinet, the budget 2024-25 will be presented in the National Assembly this evening.