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PTI govt to unveil its first budget on 11th June

ISLAMABAD: The Pakistan Tahreek-i-Insaf led government is all set to present its first Federal Budget for the fiscal year 2019-20 in the Parliament on Tuesday 11th June (Tuesday).
The budget envisages fiscal management, revenue mobilization, measures for economic stabilization and growth, reduction in non-development expenditures; boosting exports besides providing relief to the masses, promoting investment for job creation and people friendly policies for the socio-economic prosperity of the country.
The main focus in the budget would be on fiscal consolidation, revenue mobilization while the government is likely to enhance allocations for a social safety net for providing maximum relief to a vulnerable segment of the society, sources said.
It would also focus on social sector development besides introducing reforms for improving governance and boosting private sector investment.
On the revenue side, the government would introduce measures for bringing improvements in the system of tax collection, broadening the tax base, and facilitation to taxpayers, they said and argued that a strong revenue generation will play a crucial role in achieving the targets for economic growth.
The government is likely to set the revenue collection target at Rs5.55 trillion for the fiscal year 2019-20.
Sources said that the preparations for the announcement of the federal budget for the fiscal year 2019-20 continue in full swing in accordance with the prescribed timelines.
The budget was being prepared in close coordination between all departments and ministries involved in budget related events including the presentation of the budget in the Parliament and launching of the Economic Survey, they added.
Meanwhile, the Pre-budget document presenting the state of the country’s economy, ‘the Economic Survey of Pakistan’ is likely to be launched here on Monday 10th of  June. The survey would highlight the overall performance of the economy during the outgoing fiscal year, providing realistic feedback and basis for future planning.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.