Coalition govt to present budget for next fiscal year on Friday

Islamabad: The coalition government is all set to present its first pro-people, business-friendly and progressive budget for the next fiscal year 2022-23 in the Parliament tomorrow with special focus on fiscal consolidation to contain budget deficit.

Minister for Finance Miftah Ismael will present the budget document.

The budget has been formulated while considering the existing challenges being faced by economy at domestic and international fronts.

In addition to fiscal management, revenue mobilization, measures for economic stabilization and growth, reduction in non-development expenditures; boosting exports besides jobs creation and people-friendly policies for the socioeconomic prosperity of the country would feature in the budget.

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 tax payers.