Home Business Govt likely to present budget with over 9tr outlay

Govt likely to present budget with over 9tr outlay

2 min read

ISLAMABAD, June 08(ABC): The coalition government, which came into power just months ago, may unveil over Rs9 trillion budget.

Sources privy with the development, said that a major chunk of the new budget will be spent only on debt servicing of Rs3523 billion and Rs1586 billion will be allocated for defense.

The finance ministry will have to borrow over Rs4 trillion to run its operations, thanks to the hefty debt servicing cost.

The cost of pensions is Rs550 billion and the running of the civil government consumes only Rs550 billion, the sources said.

Author

  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

Load More Related Articles
Load More By 
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Commissioning of Central Control of New Gwadar Airport completed

GWADAR, Dec 20 (INP): The final testing and commissioning of the Central Control & Co…