Budget 2008
11 June 2008
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Much awaited budget for the year 2008-09 is finally presented today in the parliament. It is expected that federal budget 2008-09 stands at Rs2384 billion, major areas where budget will be expended are:
- Rs296 billion for defense
- Rs147 billion for administrative expenditures
- Rs523 billion for the pay back of loans and its interests
- Rs550 billion for the public sector development program
The budget envisages a target of Rs582 billion for deficit financing, while the FBR has been assigned a target of Rs1250 billion for tax recovery and the total revenue target of Rs1803 billion and at the same time, it is hoped that Rs489 billion would be achieved on account of non-tax revenue.
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