Budget 2020: Headline figures

Figures for Budget 2020

Budget outlay to be Rs7,022bn — 30pc higher than last year
Islamabad: Fahad Bashir and Web Desk by Razi Syed at Karachi
A loaded budget with no novel economic proposition has been launched with a huge burden over the society, low income groups in particular having no motivation for the investors or local businesses have been in the National Assembly of Pakistan for the fiscal year 2019-20 under the uproar on the floor of the assembly. The budget has been presented when the main political opposition leadership is either under the NAB pressure or in jail suffering the charges of corruption or money laundering. The opposition raised slogans against prime minister Imran Khan demanding, go Niazi go. This was a budget expected to be new, novel in its techniques and economic policies however could not reflect at all. It was just cosmetics as one thing being added and their other deducted. Dr Hafeez Shaikh being the advisor to the Prime Minister too failed miserably to deliver with any introduction of an economic model needed badly for Pakistan. Imran Khan and his government seemed to be total old fashioned. A deficit budget and would add to pressure on economy.

Federal revenues to be Rs6,717bn — 19pc higher than last year
FBR tax target set at Rs5,550bn
Tax to GDP ratio to be increased to 12.6pc
Rs3,255bn to be disbursed to provinces via the 7th NFC award — 32pc higher than last year
Net federal reserves to touch Rs3,462bn, 13pc higher than last year
Budget Deficit — Rs3,560bn
Provincial surplus budgeted at Rs423bn
Total fiscal deficit to clock in at Rs3,137bn — 7.1pc of GDP, compared to 7.2pc of GDP last year

One thought on “Budget 2020: Headline figures

  • June 25, 2019 at 1:51 pm

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