The federal government should today have a budget of around 17,600 billion rupees for the year 2025-2026 in the National Assembly. Before the budgetary announcement, a special meeting of the federal cabinet, chaired by Prime Minister Shehnaz Sharif at 4 p.m., will approve the budget project, as well as the proposed increases in wages and pensions of government employees. In addition to these increases, there is also the possibility of tax relief for salaried employees. According to sources, preparations for the budget session have been completed and the official calendar was published. The president of the National Assembly, Sardar Ayaz Sadiq, called an advisory meeting of parliamentary leaders before the NA session which will start at 5 p.m. According to the official notification, the meeting chaired by the speaker will determine the strategy of the budget session, including the duration of the debates on the budget and the related questions. The budget, which will be presented today (June 10), should be approved on June 26 and 27. The Federal Minister of Finance Muhammad Aurangzeb will present the budget in the National Assembly. The Sadiq speaker also approved the schedule of the budget session, according to which there will be no assembly sessions on June 11 and 12 and the debate on the federal budget will begin on June 13 and will continue until June 21. The Minister of Finance Aurangzeb will conclude the budgetary debate on June 21. On June 24 and 25, there will be a debate and a vote on the requests for grants and reduction motions. The finance bill will be adopted on June 26 and June 27, there will be an additional debate and a vote on additional subsidies and other questions. For the next fiscal year, the current account deficit is planned at -0.5% of GDP, or around 2.1 billion dollars. The export objective has been set at $ 35.3 billion, while imports should reach $ 65.2 billion. In the service sector, exports are for $ 9.6 billion and imports at $ 14 billion. The government also aims to receive $ 39.4 billion in funding, relating to the combined objective for exports of goods and services to $ 44.9 billion and for imports to $ 79.2 billion. The objective of average inflation proposed is 7.5%, while GDP growth is targeted at 4.2%. Sector objectives include 4.5% growth in agriculture, 4.3% in industry and 4% in the service sector. The budget sets objectives for gross investment at 14.7% of GDP, investment fixes at 13%, public investment at 3.2% and private investment at 9.8%. National economies should reach 14.3% of GDP. Other sectoral growth projections include 6.7% for large crops, 3.5% for other crops, 7% for cotton, 4.2% for livestock, 3.5% for forestry and 3% for fishing.
Salary, pension increases on cards
