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{"id":41888,"date":"2018-04-28T12:17:04","date_gmt":"2018-04-28T07:17:04","guid":{"rendered":"https:\/\/humsub.tv\/?p=41888"},"modified":"2018-04-28T15:53:19","modified_gmt":"2018-04-28T10:53:19","slug":"salient-features-of-budget-2018-2019hum","status":"publish","type":"post","link":"https:\/\/humsub.tv\/salient-features-of-budget-2018-2019hum\/","title":{"rendered":"Salient Features of The Budget 2018-2019:HumSub.TV"},"content":{"rendered":"

Salient Features of The Budget 2018-2019<\/h4>\n

Salient Features of The Budget 2018-2019:\u00a0The new Federal Finance Minister Miftah Ismail yesterday presented the 6th<\/sup> budget of the PML-N government with a total expenditure of Rs 5.932 trillion. This year\u2019s budget is the first one under the chair of Prime Minister Shahid Khaqan Abbasi.<\/p>\n

\"Salient
Salient Features of Budget 2018-2019<\/figcaption><\/figure>\n

Here are the salient features of the Budget 2018-2019:<\/strong><\/p>\n

Fiscal Deficit<\/strong><\/p>\n

This budget is targeting fiscal deficit [income-expenditures gap] of 4.9%, equivalent to Rs.1.890 trillion. This would be funded by domestic sources [banks and non-banks] of Rs.1.548 trillion while Rs.342 billion would be arranged from external sources.<\/p>\n

The provinces would throw surplus of Rs285.6 billion, to control the increasing deficit.<\/p>\n

PSDP<\/strong><\/p>\n

Rs.800 billion for federal Public Sector Development Program (PSDP) allocated in the budget with three-fifth proposed to be spent on infrastructure projects including China-Pakistan Economic Corridor (CPEC).<\/p>\n

Defense Expenditure<\/strong><\/p>\n

Defense expenditures have been reserved at Rs.1, 100 billion (Rs1.1 trillion)<\/p>\n

Pension & Pays<\/strong><\/p>\n

An increase of 10% in salaries and pensions of the government employees with minimum pension is raised from Rs.6,00 to Rs.10,000. Rs 15,000 have been fixed for pensioners who are over 75 years of age. Family pensions have also been increased from Rs 4500 to 7500.<\/p>\n

House Rent<\/strong><\/p>\n

The House rent ceiling and house rent allowance have also been increased by 50% percent each.\u00a0The government has also proposed an allocation of Rs.12 billion for the provision of advance to government servants for house building and purchase of transport facility.<\/p>\n

Performance Allowance<\/strong><\/p>\n

The government has also set aside Rs.5b for senior officer\u2019s performance allowance.<\/p>\n

Miscellaneous Items<\/strong><\/p>\n

The government has fixed the GDP growth target of 6.2 % and contains inflation below 6 % in 2018\/19.<\/p>\n