Federal budget 2021-22 to be presented on June 11

ISLAMABAD: The federal budget worth Rs 8000 billion for the fiscal year 2021-22 will be presented on June 11.

According to the budget document, the size of the economy will reach Rs 52,057 billion. The economic growth rate will be 4.8 per cent in the upcoming budget.

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Rs 3,060 billion of the budget 2021-22 will be spent on loans and interest. The budget deficit is expected to be Rs2915 billion.

According to the budget documents, Rs900 billion will be allocated for the annual development program. The development budget of the provinces will be around Rs1000 billion.

Around Rs530 billion are expected to be allocated for subsidies. The defense budget is expected to be more than Rs1,400 billion. In the upcoming budget 2021-22, tax revenue is expected to be Rs5820 billion. Non-tax revenue is expected to be around Rs1420 billion in the budget.