Budget to focus on strict fiscal disciplineMinister of State for Revenue Hammad Azhar presented Budget 2019-20. A reduction in tax exemption will increase revenue.”The Asset Declaration Ordinance 2019 will allow undeclared assets to be entered into the economy. The government will not be borrowing from the central bank to tackle budget deficit as it fuels inflation. A total of Rs1,800 billion has been allocated for national development while Rs950 billion was set aside for federal development budget. Rs20 billion and Rs15 billion have been allocated to buy land for the Diamer-Bhasha, and Mohmand dams respectively.

Source: The Express Tribune June 11, 2019 10:06 UTC