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The budget and finance bill 2021 for the next financial year will be approved – IG News

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ISLAMABAD: A special meeting of the Cabinet on Budget chaired by Prime Minister Imran Khan will approve the Budget and Finance Bill 2021 for the next financial year.

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According to details, a special meeting of the Cabinet on budget is underway under the chairmanship of Prime Minister Imran Khan. Budget Papers and Finance Bill 2021 will be presented in the special meeting.

Sources said that the federal cabinet will approve the budget for the next financial year, Finance Bill 2021 and will take a final decision to increase the salaries and pensions of government employees.

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According to sources, the cabinet will approve subsidy for electricity and utility stores next financial year.

On the other hand, the documents related to the budget for the new financial year were delivered to the Parliament House. Books based on the details of the budget will be given to the members at the beginning of the session.

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The documents include key figures for the current financial year, budget proposals and targets. The federal government will present a budget of Rs 8,400 billion in the National Assembly today.

The government has set a target of Rs 5,800 billion for net tax collection, while Rs 330 billion is proposed for defense and Rs 900 billion for development budget.

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