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2017–18 Pakistan federal budget
From Wikipedia, the free encyclopedia
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The Federal budget 2017–18 was the federal budget of Pakistan for the fiscal year beginning from 1 July 2017 and ending on 30 June 2018.[1]
It was presented by Finance Minister Ishaq Dar on 26 May 2017 at the National Assembly with a total outlay of ₨. 4.75 tn. This is the fifth federal budget submitted during the tenure of Prime Minister Nawaz Sharif and his cabinet.[2]
The budget was presented following a protest of the Pakistan Kissan Ittehad, demanding subsidies on fertilisers and electricity bills, at D-Chowk in Islamabad.[3]
The budget proposed a 10.0% increase in the salaries and pensions of federal government employees and an increase in the minimum monthly wage from ₨. 14,000 to ₨. 15,000. The allocation made for Benazir Income Support Programme stood at ₨.121 billion for 5.5 million beneficiaries.[4] The defence expenditure of ₨.920.2 billion (or 19.36% of total budget outlay) which was around 7% higher than it was in the outgoing year was set aside.[5]
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References
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