According to the Analysis, PTI’s ruling government has allocated Rs 7,294.9 billion for the fiscal year. This is 11 percent less than in 2019. The ruling government has allocated Rs 7.022 trillion from 2019 to 2020, however, net profit is expected to increase by 6.7 percent from 2020 to 2021, as the government manages Rs 3,699.5 billion.
Most of the fiscal year is dedicated to defense, up 1.3 trillion – 12% more than the previous year’s budget, while Rs 83 billion was allocated to education and the Coronavirus special economic zones. 70 billion rupees
83 billion rupees, 70 and 741 billion will be allocated for education the third. This represents over 84% of the total education budget.
The current government has allocated 230,907 million rupees for social security, of which only 208 million rupees will be spent on this sector alone. This is 21.15% more than Pakistan’s budget for 2019-2020.
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The PTI government has allocated Rs 169.927 million for public order and safety. Last year, 153,269 million rupees were budgeted for security and public order.
A budget of Rs 1.324 billion is allocated to the Public Sector Development Program (PSDP), of which Rs 676 billion is allocated to the provinces and Rs 650 million to the federal government.
The Federal Public Security Administration has distributed Rs 650 million to federal ministers, their departments, companies, the Earthquake Reconstruction and Rehabilitation Authority (ERRA) and in response to the coronavirus and other natural disasters. He allocated Rs 418.7 billion to the Ferrell division, Rs 100.4 billion to companies, Rs 7 billion to combat Quid and other natural disasters, and Rs 3 billion ERA.
In the civil service, 3,663,740 million rupees were allocated for legislative, executive, financial, foreign, and financial affairs.
However, no new taxes have been included in the recently announced budget. Because of CoV-19, the government cut the sales tax rate from 14% to 12% to help the middle and lower class.
In addition, taxes have been reduced in the hotel business by 1.5–0.5%. … In addition, the government said it will apply for a group of employees to file their tax returns, as this will increase tax revenue by 37%.
The budget is exempt from the cellular tax on imported food. The exemption for imported medical devices has been extended for another three months.
However, the tax on the prices of cigarettes, tobacco, e-cigarettes, and other tobacco has been increased from 65% to 100%. …
In addition, taxes on FDD caffeine and beverages have been increased from 13% to 25% to reduce their consumption.
Provinces will receive 2,873.7 billion rupees from the tax federation for this year’s budget. This is 11% less than the budget for 2019-2020.
The 2020-2021 budget is called the Corona budget because it was provided during the epidemic and allocated funds that will be spent on the epidemic to defeat it. This is