ISLAMABAD: The federal cabinet on Friday approved the budget for the fiscal year 2015-16 (FY2015-16), with a total outlay of Rs4.313 trillion, which is 9.1 per cent higher than the revised 2014-15 outlay of Rs3.9tr.
Finance Minister Ishaq Dar while presenting the budget for fiscal year 2015-16 on the floor of the National Assembly said a growth rate target of 5.5pc had been set for the upcoming year, which he said is budgeted to reach 7pc by the end of PML-N government’s tenure in 2017-18
Before announcing the budget, the minister briefed the cabinet about the salient features of the budget and said measures have been proposed which may enhance exports, industrial growth, and employment.
Meanwhile opposition in the National Assembly decided not to create any uproar during the budget speech.
“We will listen to the budget speech and will not create any problem,” Khursheed Shah told reporters in Parliament.