The federal government today announced its Rs. 18.6 trillion federal budget for 2024-25, against a total of Rs. 12.97 trillion in expected revenue in taxes.
According to details attained by ProPakistani, the government is set to receive a total of Rs. 12.97 trillion in taxes, while another Rs. 4.84 trillion in non-tax revenues.
According to numbers, total tax and non-tax revenues for the federal government will stand at Rs. 17.82 trillion, out of which Rs. 7.44 trillion will go to provinces; leaving the federal government with a fund of Rs. 10.37 billion for its expenses during 2024-25.
The government is set to cover the budget deficit of Rs. 8.5 trillion through following:
As for the expenditures, below are going to be the estimated expenditures for the federal government during the fiscal year 2024-25
For live updates on everything about the Federal Budget, visit this link.
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Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.
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