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Saturday May 22 2021
By
Web Desk

Budget 2021-22 to be presented on June 11

By
Web Desk
A representative image.
  • The PTI government would present its third annual budget.
  • The ruling party is expected to focus on launching special programs for rural Sindh, Karachi, Balochistan and Gilgit-Baltistan.
  • The upcoming Economic Survey for 2020-21 will be unveiled on June 10


ISLAMABAD: The federal government has decided to present the next budget for FY 2022 on June 11, 2021, The News reported on Saturday.

The publication stated that, in the upcoming budget, the PTI government will be focusing on launching special programs for rural Sindh, Karachi, Balochistan and Gilgit-Baltistan with the possible allocation of around Rs100 billion.

“Yes, the PM has approved presenting of the next budget for 2021-22 in the National Assembly on June 11, 2021,” top official sources confirmed to The News.

Read more: GDP growth estimated at 3.94%, says PM Imran Khan

The upcoming Economic Survey for 2020-21 will be unveiled on June 10, 2021 for sharing highlights of different sectors of the national economy achieved in the outgoing fiscal year.

The country achieved a GDP growth rate of 3.94% in the outgoing fiscal year 2020-21 against revised estimates of negative 0.47% for the last fiscal year 2019-20.

Read more: Pakistan's remittances rise to all-time high of $2.8b in April

The government has already decided jacking up the Public Sector Development Program (PSDP) to the tune of Rs900 billion in the upcoming budget against Rs650 billion allocation made in the outgoing financial year.

Now the Annual Plan Coordination Committee (APCC) is scheduled to meet on May 26, 2021 here in Islamabad for recommending the macroeconomic framework and allocation of the PSDP for the next financial year.