Explanation

Know about Federal Budget 2024-25

Total outlay: Rs18.877 trillion

FBR Tax revenue target: Rs13 trillion

GDP growth target: 3.6 percent

Defence: Rs. 2.122 trillion

Salaries of BPS-1 to BPS-16 employees increased: 25 percent

Salaries of BPS-17 & above: 22 percent

Trade deficit: $25.3 billion

Exports estimation: $32.7 billion

Civil administration expenditures: Rs839 billion

Pensions: Rs1.014 trillion

Electricity/gas subsidy: Rs1.363 trillion

Energy sector: Rs253 billion

Water resources: Rs206 billion

IT sector: Rs79 billion

Minimum wages in the private sector: Rs36,000 per month

Funds for Benazir Income Support Programme: Rs593 billion

Inflation expectation: 12%

Presented by: Muhammad Aurangzeb (Finance Minister)

Date: 12 June 2024

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