2020–21 Pakistan federal budget

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2020–2021 (2020–2021) Federal Budget 2020–2021
State emblem of Pakistan.svg
Submitted byHammad Azhar
Submitted toNational Assembly
Presented12 June 2020
ParliamentPakistan
PartyPakistan Tehreek e Insaf
Finance ministerAbdul Hafeez Shaikh
TreasurerMinistry of Finance

The Federal budget 2020–2021 is the federal budget of Pakistan for the fiscal year beginning from 1 July 2020 and ending on 30 June 2021. The budget was presented in the Parliament by the Federal Minister Hammad Azhar.[1] It is also called Corona budget as it was presented during the Corona Crisis.[2] The government called the budget a Relief budget but major opposition parties PPP and PML-N called it People's enemy budget.[3]

Features[]

The total size of the budget is ₨7136 (US$45) billion.[2]

₨1289 (US$8.00) billion for defense,₨83.3 (52¢ US) billion for education (7.9 per cent from higher than the last budget), ₨70 (44¢ US) billion were allocated for preventing coronavirus, ₨80 (50¢ US) billion for special economic zones. No new taxes were introduced in the budget.[2] Foreign Minister Shah Mehmood Qureshi confirmed that defence spending was not raised for the second consecutive year.[4]

References[]

  1. ^ "FULL DETAILS: Pakistan's Budget 2020–21 presented by Hammad Azhar". ARY NEWS. June 12, 2020.
  2. ^ a b c "Pakistan unveils Rs 7.13 trillion budget, defence gets around 1.3 trillion". 13 June 2020. Retrieved 13 June 2020.
  3. ^ "Opp chants slogans in NA, stages walkout during budget speech". 13 June 2020. Retrieved 13 June 2020.
  4. ^ "Defence budget not increased to provide relief to masses: Qureshi". Dawn. Karachi. June 14, 2020.
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