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Article: Rs. 1.315 trillion budget announced.(BUDGET FY 2006-07)
- Article from:
- Economic Review
- Article date:
- May 1, 2006
- Author:
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The Minister for State for Finance, Omer Ayub Khan, on Monday announced over Rs 1.315 trillion, budget for the fiscal year 2006-07.
The allocation for defence has been increased to Rs 250 billion against revised target of Rs 241 billion. Of this, Rs 1.949 billion would be for defence administration, against Rs 486 million, and Rs 248.2 billion for defence services, against Rs 240 billion.
The budget deficit-to-GDP ratio has been estimated at4.2 percent, and if the earthquake damages were excluded it would stand at 3.7 percent of GDP, claimed Omer Ayub.
The revenue target for CBR has been fixed at Rs 835 billion, showing an increase over previous ...