Pakistan Budget 2018-2019
Finance Bill 2018
Notes On Clauses
Federal Budget Publications 2018-19
Federal Budget Speech 2018-19 (English Version)
Federal Budget Speech 2018-19 (Urdu Version)
Budget in Brief 2018-19
Annual Budget Statement 2018-19
Estimates of Foreign Assistance 2018-19
Explanatory Memorandum on Federal Receipts 2018-19
Courtesy: Dawn Newspaper dated March 09, 2018
The federal government will present the budget for the fiscal year 2018-19 for approval from the National Assembly on April 27, 2018, Adviser to the Prime Minister on Finance, Revenue and Economic Affairs Miftah Ismail said on Friday.
Addressing a press conference in Islamabad, Ismail said that the government has taken all political parties into confidence about the budget, which he said would be presented on April 27 before the five-year tenure of the incumbent government ends on May 31.
He claimed that the tenure of the outgoing government saw a decline in foreign loans and a rise in local loans.
Editorial: Between the elections and interim govt, Pakistan’s economy may not get the attention it needs
The adviser claimed that Pakistan is now ranked on the fifth spot globally in the race for economic progress and international institutions have been rating Pakistan’s economy positively.
Speaking at the press conference, Minister for Planning and Development Ahsan Iqbal said the revenue collection at the end of the previous government’s tenure was Rs1,946 billion but the PML-N government has set the tax collection target of Rs4,013bn for the next year.
The fiscal deficit for 2018-2019 is projected to be 5.2 percent, the minister said.
He said the federal development budget in the previous government’s term was Rs348bn, but the current government earmarked Rs1,001bn for the sector.
The current account deficit which used to vary between 2-3pc has been rising because of the “increasing pace of progress”, Iqbal said.
He said the increase in the country’s import bill has contributed to the widening of the current account deficit but claimed that exports have more than doubled under the current government’s watch.
Salary increase in budget 2018-19