2015–16 Pakistan federal budget: Difference between revisions
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Latest revision as of 03:33, 3 August 2024
2015–16 Pakistan federal budget
The 2015–16 Pakistan federal budget, presented on June 5, 2015, by Finance Minister Ishaq Dar, aimed to address the country’s economic challenges while promoting growth and development. With a total outlay of PKR 4.453 trillion (approximately USD 42 billion), the budget projected a fiscal deficit of 4.3% of GDP. It emphasized investment in infrastructure, energy, and social programs, while aiming to improve tax collection and reduce dependency on external financing. The budget outlined measures to strengthen the economy amidst regional tensions, particularly with India, focusing on security and stability as prerequisites for economic growth. This financial plan sought not only to bolster domestic resilience but also to enhance bilateral trade relations through improved economic policies.