Finance Minister Shaukat Tarin presented the Federal Budget today amid significant noise from the opposition. Total expenditure is to be increased to a record amount of PKR 8.49T an increment of 19% from the previous year. The government also aims to increase tax collection to PKR 5.82T an increase of 17.4%. This budget aims to support growth more than encouraging austerity as done in the past PTI government announcements.
The federal budget, which will be announced this Thursday, comes at a time of great economic uncertainty due to the pandemic. Pakistan is likely to continue to try and foster the growth achieved in FY21 which exceeded other regional economies.