Federal Minister for Industries and Production presented Federal Budget for the Financial Year 2020-21 in National Assembly today. Here are few highlights of Federal budget 2020-21
Key Highlights and allocations are as under:
Highlights of the Federal Budget for the FY 2020-21 :
- No New Taxes has been imposed.
- No Rise in the salaries of the Government Servants.
- No Rise has been announced for pensioners.
- Volume of the Budget is kept at 7600 Billion Rupees.
- For Corona Relief Package a substantial amount has been reserved.
Key Allocations of the Federal Budget for the FY 2020-21 :
- 1324 billions allocated for development projects (Public Sector Development Program).
- 1289 billions allocated for Defense sector.
- 1200 billions allocated for Corona Relief Package.
- 250 billions allocated for Social Sectors.
- 208 billions allocated for Ehsaas program.
- 200 billions allocated for daily wagers.
- 118 billions allocated for projects under China Pakistan Economic Corridor.
- 75 billions has been set aside for the medical sector.
- 70 billions allocated for the improvement of water resources.
- 70 billions allocated for clean water project in Gwadar.
- 64 billions has been set aside for higher education.
- 55 billions special grant allocated for Azad Kashmir.
- 50 billions allocated for utility stores.
- 48 billions allocated for KP’s tribal areas.
- 40 billions allocated for Pakistan Railways.
- 30 billions allocated for health service.
- 30 billions allocated for education sector.
- 20 billions allocated for science and technology.
- 13 billions allocated for federal government hospitals.
- 12 billions allocated for food security.
- 10 billions allocated for agriculture sector.
- 10 billions special grant allocated for Baluchistan.
- 10 billions allocated for locust attack prevention.
- 06 billions allocated to deal with challenges occurred by climate change.
- 6 billions allocated for the up gradation of ML1 and restoration of dry port.
- 5 billions allocated for educational reforms.
- 2 billions allocated for successful youth program.
- 1.5 billions allocated for Naya Pakistan housing scheme.
- 01 billion allocated for artist welfare fund.
- 1 billion allocated for E Governance.
By: Syed Umaer Anwer
The Writer is a CSS Qualifier but not allocated in any service group. He is an Agriculture graduate and Banker (of course) who has interests in international relations, governance, and Public policy studies. Instagram @omayrgillany