PTI govt to present its first budget for fiscal year 2019-20 today

F.P. Report

ISLAMABAD: The Pakistan Tehreek-i-Insaf (PTI) led government will present its first budget for the fiscal year 2019-20 with an estimated outlay of around Rs6 trillion, on Tuesday (today).

According to details, Prime Minister’s Advisor on Finance Dr Hafeez Shaikh will present the budget in the National Assembly which is scheduled to meet at 5pm.

The government is likely to set the revenue collection target at Rs5.55 trillion for the fiscal year 2019-20.

It would introduce measures to broaden the tax base, cut all expenditures and bring improvements in the tax administration.

The budget will lay emphasis on austerity, fiscal consolidation, external sector management and social security of the poor.

“The Budget focuses on ensuring economic stabilization, undertaking projects which create jobs & providing economic stimulus for sustainable growth,” spokesperson for Finance Division Dr Khaqan Hassan Najeeb had said in a tweeter statement on Saturday.

He said the upcoming fiscal budget will emphasise on austerity, fiscal discipline, external sector management and protecting the poor. “Sound policies will lay the foundation of sustainable growth and secure a better future for citizens,” he added.