According to the budget documents, there is no increase salary for the Grade 21 and 22 officials.
- 10 per cent increase for Grade 1 to 16 as adhoc relief
- 5 per cent increase for Grade 17 to 20 as adhoc relief
- 10 per cent increase in pension
- Up to Rs200 billion allocated for subsidies
- 80,000 deserving people will get interest-free loans
- Minimum wage set at Rs17,500
- A ration card scheme is being introduced. 80,000 people will benefit from this scheme with interest-free loans. 60,000 women will be given access to mobile phones.
DEVELOPMENT BUDGET:
- The National Development Programme will have a total size of Rs1,800 billion
- Of this, Rs950 billion will be spent by the federal government
- Rs70 billion on dam projects. Rs15 billion and 20 billion respectively for Bhasha and Mohmand dams land acquisition
- Rs55 billion for Dasu hydro power project
- Rs24 billion have been earmarked for Havelian Thakot motorway
- Samrial Kharian motorway to also be constructed
- Govt has earmarked Rs60 billion for human development
- Higher education will receive Rs45 billion
- Agriculture will receive Rs1.2 trillion in the federal development budget
- 5 billion have been set aside for nine projects in Karachi
- Balochistan development package to get Rs10.4 billion and Rs30 billion for water projects
- Rs45.5 billion allocated for Karachi’s development programme
- Rs152 billion to be provided to FATA as part of a 10-year project totaling Rs1 trillion
- Rs 1,800 billion for PSDP
Total Outlay and Related Details
- Budget outlay is Rs7,022 billion — 30 per cent higher than last year
- Federal revenues to be Rs6,717 billion — 19 per cent higher than last year
- FBR tax target set at Rs5,550 billion
- Tax-to-GDP ratio to be increased to 12.6 per cent
- Rs3,255 billion to be disbursed to provinces via the 7th NFC award — 32 per cent higher than last year
- Net federal reserves to touch Rs3,462 billion, 13 per cent higher than last year
- Budget Deficit — Rs3,560 billion
- Provincial surplus budgeted at Rs423 billion
- Total fiscal deficit Rs3,137 billion — 7.1 per cent of GDP, compared to 7.2 per cent of GDP last year
- Budget deficit to be Rs3,560 billion
- Tax revenue target set at Rs5,822 billion
- Non-tax revenue target set at Rs894 billion
- Current expenditure set at Rs6,192 billion
General Sales Tax (GST)
- GST on goods to remain unchanged and remain at 17 per cent
- Food items supplied to bakeries and restaurants will be taxed at 4.5 per cent
- GST on sugar to be increased from 6 per cent to 17 per cent
Provincial Share in Federal Taxes
- Punjab Rs1611.36 billion
- Sindh Rs 814.91 billion
- Khyber Pakhtunkhwa Rs533.26 billion
- Balochistan Rs264.98 billion
Tax proposals
- Tax-to-GDP ratio to be increased to 20 per cent from 12 per cent