Federal budget 2022-23 is a budget no one in the country wanted. The replacing coalition tried playing the just-arrived card and announced relief measures even before the budget and even more in the budget. It now makes sense why the budget presented in the Parliament has been declared ‘Provisional’ and the ‘Final’ numbers are to be presented during the session. While the IMF expects deceleration in an overheated economy, The Budget in Brief talks of ‘a growth budget’. The budget makers themselves are projecting FBR taxes share in GDP to increase marginally from 8.96% in FY22 to 9% in FY23.
Source: The Express Tribune June 17, 2022 11:11 UTC