ISLAMABAD: The fourth Federal Budget of Pakistan with an outlay of over Rs 4.8 trillion for the fiscal year 2016-17 will be presented in the Parliament tomorrow on June 3.
According to the finance ministry, Finance Minister Ishaq Dar will present the budget of Pakistan Muslim League-Nawaz government which will envisage further improving economic growth, overcoming challenges, particularly the energy crisis, maintaining fiscal discipline and reducing non-development expenditures and providing relief to the masses, besides promoting investment for jobs creation and people friendly policies for the socio-economic prosperity of the country.
A statement issued by finance ministry said that the China-Pakistan Economic Corridor (CPEC) projects would be prioritized in the budget and the main focus would on the development of energy, infrastructure, and human resource sectors.
Earlier, the Prime Minister chaired the National Economic Council (NEC) through a video link from London. The Council approved Rs 1.675 trillion development outlay including Rs 800 billion as federal Public Sector Development Programme (PSDP) and Rs 875 billion as provincial Annual Development Programme (ADP).