ISLAMABAD – PML-N led government will present its 4rd federal budget today (Friday).
Finance Minister Senator Muhammad Ishaq Dar will present an outlay of over Rs 4.8 trillion budget for the next FY in the Parliament.
According to media reports, The main focus of the budget is on the development of energy, infrastructure, and human resource sectors. The China-Pakistan Economic Corridor (CPEC) projects are also prioritized in the budget.
Allocations to provide a social safety net to the most vulnerable segments of society are also likely to be enhanced.
The National Economic Council (NEC), chaired by Prime Minister Muhammad Nawaz Sharif through via video link from London approved a Rs 1.675 trillion development outlay including Rs 800 billion for the federal Public Sector Development Programme (PSDP) and Rs 875 billion as provincial Annual Development Programme (ADP).
The Government has earmarked Rs.1,675 billion in the forthcoming budget for development schemes under the Public Sector Development Programme (PSDP) for the year 2016-17.