Govt set target to create 1.9 Millions jobs with the next budget
Government has targeted to create up to 1.9 million jobs, restricting budget deficit to 4.4 per cent of the GDP and increasing country’s economic growth to 5.1 percent by fiscal year 2023-24.
It has estimated the total federal expenditure to be Rs. 8.56 trillion with a deficit of Rs. 3.154 billion.
Pakistan’s defence budget is estimated at Rs1295 billion for the current FY that is projected to enhance to Rs1330 billion in next FY, Rs1495 billion in 2022-23 and to Rs1588 billion in FY2023-24.
Exports are targeted at $25.7 billion in next year and $27.7 billion in 2022-23. Rs 3.105 trillion has been set aside for interest payment on loans, and Rs. 510 billion for running the civil government.
The effort is aimed at meeting its electoral promise of 100 million jobs in five years.