What will be cheap and what will be expensive? The federal budget for the financial year 2022-23 will be presented today

FY 23. The Federal Budget 2022 will be presented today

Report: Journalist Rights Foundation of Pakistan

FY 23. The Federal Budget 2022 will be presented today.

 Federal Government New Fiscal Year 23. The federal budget for 2022 will be presented in the National Assembly today, Friday, in which, in the context of the domestic and international scenario, financial stability, deficit reduction, increase in exports and production of local products to replace imports, ease of doing business and investment and The focus is on the promotion of agriculture.

 Federal Finance Minister Miftah Ismail will present the budget in the National Assembly.

 According to the sources, many schemes are being launched for Balochistan and youth in PSDP of the new financial year, apart from Higher Education Commission projects, laptops will be provided to talented students under Prime Minister Merit Based Laptop Scheme.

 Apart from this, another scheme is also being introduced under which students of higher education institutions will be able to purchase laptops on easy installments while 250 vocational training institutes will be established with the cooperation of the provinces. 250 mini sports stadiums will also be constructed.۔

Allocating resources and funds will be ensured to complete it, similarly, funds have been allocated to solve the problems of electricity and water in the old Gwadar city.

 Balochistan is the main target of the development budget, more development funds are being given to Balochistan than other provinces to complete the ongoing projects and start new projects. It is proposed to allocate funds of 50 billion rupees for development projects in the merged districts of former FATA.

 According to the sources, preparations for the federal budget of the new financial year are complete and it is being finalized by the Federal Ministry of Finance and other relevant ministries and divisions.

 Efforts have been made to prepare the federal budget for the new fiscal year keeping in mind the economic difficulties and problems arising worldwide due to the global epidemic of Kovid-19 and the Russia-Ukraine conflict and the financial challenges faced at the country level.

 In the budget, special importance is given to reducing the hardships of the people, developing the agricultural sector and developing this sector on modern lines, increasing the exports of information technology and this sector, industrial development and providing the best and favorable environment for business and investment. is given The budget focuses on economic stability and growth, reduction of non-developmental expenditure, increase in employment opportunities, people-friendly policies and social and economic development of the country while strengthening fiscal management and governance.

Apart from this, the new budget will encourage the development of the social sector, carry out reform programs in various sectors and encourage investment in governance, in addition to expanding the government's revenue base, reforming the tax sector and for the taxpayers. It will also focus on increasing the provision of facilities and measures will be introduced in this regard.

 In the light of Prime Minister Shehbaz Sharif's vision in the new budget, development of basic needs of development such as water resources will be prioritized in PSDP. Higher education sector is also a priority part of PSDP. Funds and scholarships for the youth will be increased, building physical infrastructure like roads, highways and ports is our third priority, ensuring significant and key investments in these areas.