2020–21 Pakistan federal budget

The Federal budget 2020–2021 is the federal budget of Pakistan for the fiscal year beginning from 1 July 2020 and ending on 30 June 2021. The budget was presented in the Parliament by the Federal Minister Hammad Azhar.[1] It is also called Corona budget as it was presented during the Corona Crisis.[2] The government called the budget a Relief budget but major opposition parties PPP and PML-N called it People's enemy budget.[3]

2020–2021 (2020–2021) Federal Budget 2020–2021
Submitted byHammad Azhar
Submitted toNational Assembly
Presented12 June 2020
ParliamentPakistan
PartyPakistan Tehreek e Insaf
Finance ministerAbdul Hafeez Shaikh
TreasurerMinistry of Finance

Features

The total size of the budget is Rs. 7136 (US$25) billion.[2]

Rs. 1289 (US$4.50) billion for defense,Rs. 83.3 (29¢ US) billion for education (7.9 per cent from higher than the last budget), Rs. 70 (24¢ US) billion were allocated for preventing coronavirus, Rs. 80 (28¢ US) billion for special economic zones. No new taxes were introduced in the budget.[2] Foreign Minister Shah Mehmood Qureshi confirmed that defence spending was not raised for the second consecutive year.[4]

References
  1. "FULL DETAILS: Pakistan's Budget 2020–21 presented by Hammad Azhar". ARY NEWS. June 12, 2020.
  2. "Pakistan unveils Rs 7.13 trillion budget, defence gets around 1.3 trillion". 13 June 2020. Retrieved 13 June 2020.
  3. "Opp chants slogans in NA, stages walkout during budget speech". 13 June 2020. Retrieved 13 June 2020.
  4. "Defence budget not increased to provide relief to masses: Qureshi". Dawn. Karachi. June 14, 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.