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business
Friday Jun 12 2020
By
Web Desk

Budget in brief

By
Web Desk

Pakistan Tehreek-e-Insaf government on Thursday presented a tax-free Rs7.14 trillion budget for Fiscal Year 2020-21 on Friday.

Federal Minister for Production and Industries Hammad Azhar laid down the budget proposals in the National Assembly amid opposition protest.

According to the budget documents, the net revenue receipts have been calculated at Rs3,699.5 billion indicating an increase of 6.7% over the budget estimates of 2019-20.

The resource availability during 2020-21 has been estimated at Rs6,314.9 billion against Rs4,917.2 billion in the budget estimates of 2019-20.

The provincial share in federal taxes is estimated at Rs 2,873.7 billion during 2020-21, which is 11.7% lower than the previous year.

Salient features of Budget 2020-21