Govt likely to allocate Rs3.1tn for interest payments, Rs1.35tn for defence in upcoming budget

[zeeshe100]

Agar aaj elections ho jain toh pti ke haqumat wapis nahe banni. I hope k anay walay 2 years main logo ko rahat melay mehngai say corruption say jo haad say zeada ho gai hai .

 

[313ghazi]

Bro, i belong to a village and as you know 60 percent of our population lives in rural areas, and most of them don't know or care about GDP. I have talked to many people and they all have similar demands like getting inflation under control (this is the biggest issue) and then police reforms, people are terrified of our thana culture. Expensive electricity is killing people even though its not current government's fault but ruling party always get blamed for that.
Noon league goons can play with numbers all they want but trust me that does not have any impact on common people. Noonies like to flaunt fake figures because they have nothing else to show. If PTI can reduce inflation, reform police system and offer cheaper electricity IMO nobody can beat them in next election.

Exactly. Less than 10% of our population care about GDP etc, the rest don't understand it. They understand thier own costs and quality of life. Food, energy, law and order. Get those in order to win at the polls.

 

[AZADPAKISTAN2009]

Provided Pakistan keeps the Imports Bills Low , and focuses on Exports we should be fine

 

[muhammadhafeezmalik]

ISLAMABAD: The federal government has decided to allocate Rs3.1 trillion for interest-related payments in the upcoming budget.

According to sources, the government had allocated Rs2.85 trillion in interest payments during the outgoing fiscal year. Sources said that the government is mulling to allocate another Rs1.35 trillion in defence budget which was Rs1.27 trillion during the outgoing year.

In addition, the government is also likely to allocate Rs500 billion for running the affairs of civil government. The government had allocated Rs485 billion during the current year under the same head.

Sources further disclosed that the government is also likely to allocate Rs1.1 trillion under the head of grants.

Moreover, the tax department has proposed that the government allocates Rs5.82 trillion as tax revenue target and around Rs2.09 trillion as non-tax revenue target for the next fiscal year.

According to sources, it has also been decided that the government will allocate Rs660 billion as subsidies in the next fiscal year which was around Rs200 billion more than the outgoing year.

Govt likely to allocate Rs3.1tn for interest payments, Rs1.35tn for defence in upcoming budget

ISLAMABAD: The federal government has decided to allocate Rs3.1 trillion for interest-related payments in the upcoming budget. According to sources, the government had allocated Rs2.85 trillion i

profit.pakistantoday.com.pk

Why this government increased policy rate to whopping 13%??

 

[hydrabadi_arab]

Why this government increased policy rate to whopping 13%??

Because of IMF thanks to dollar Dar policies... Really getting tired of this shit.

If Pakistan need IMF after 2023 then blame PTI. You are educated men with access to internet, time to do some introspection instead of following N league blindly.

If Imran Khan run towards same fate aka growth without reforms mean we will again end up begging bowl after 2023.

 

[N.Siddiqui]

This is debt payment that includes interest payment as well. The interest payment vibes gives wrong connotations.

3.1 trillion rupees is 3100 billion rupees, that is about 20 billion USD, in one year doesn't looks right, or it is extra ambitious. At 154 Rs for a USD.

 

[muhammadhafeezmalik]

Because of IMF thanks to dollar Dar policies... Really getting tired of this shit.

If Pakistan need IMF after 2023 then blame PTI. You are educated men with access to internet, time to do some introspection instead of following N league blindly.

If Imran Khan run towards same fate aka growth without reforms mean we will again end up begging bowl after 2023.

We had done this before going to IMF.

Devalued rupee, hiked power, gas tariff even before IMF’s conditions: Asad Umar | The Express Tribune

Speaking in BBC’s Hard Talk, minister says monetary, fiscal policies moving in direction of reforms required by IMF

tribune.com.pk