The Federal Budget for the financial year 2017-18 will be presented today at 4m today in the National Assembly. The Finance Minister will also lay in the house papers containing the Supplementary Demands for Grants and Appropriations for the financial year 2016-2017.
The budget will further focus on improvement in economic growth, maintaining fiscal discipline, reducing non-development expenditures and boosting exports, besides providing relief to masses, promoting investment for job creation and treading the people’s friendly policies for overarching socioeconomic prosperity.
Main focus in the budget would be on infrastructure and human resource development, while the government is likely to enhance allocations for social safety net for providing maximum relief to vulnerable segment of the society, said the sources.
The budget would also focus on social sector development and revenue enhancement measures, besides introducing reforms for improving governance and boosting private sector investment.
The Finance Minister will present a copy of the Finance Bill 2017 in the Senate seeking proposals and recommendations from the upper house.
Meanwhile, talking to a TV channel, the Finance Minister said per capita income has increased due to effective economic policies of the present government. He said national economy has crossed 300 billion dollars threshold. The Minister said international community is acknowledging improvement in national economy and ready to invest in Pakistan.
