The National Assembly is set to commence its annual budget session on June 5 at 5 p.m., according to sources within the assembly. This session will initiate discussions on the federal budget for the upcoming fiscal year.
Reliable sources have confirmed that the federal budget for the next fiscal year will be presented on June 8. Finance Minister Muhammad Aurangzeb is expected to deliver the budget speech, detailing the government’s financial plans and allocations across various sectors.
Debates on the proposed budget are scheduled to begin on June 10. During these sessions, members of the National Assembly will engage in comprehensive discussions, scrutinizing the budgetary proposals and their potential impacts on the nation’s economy and public welfare.
The final approval of the budget is anticipated in the last week of June, following the conclusion of Eidul Azha celebrations.
In related news, the Khyber Pakhtunkhwa Assembly has already presented its budget for the fiscal year 2024-25, reporting a surplus of Rs100 billion. KP Finance Minister Aftab Alam presented the budget, highlighting a total revenue of Rs1,754 billion against a total expenditure of Rs1,654 billion.
Key highlights of the KP budget include a 10% increase in basic salaries for government employees and a similar 10% rise in monthly pensions. Additionally, the minimum monthly wage will increase from Rs32,000 to Rs36,000, aiming to enhance the living standards of workers throughout the province.
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