Budget 2019; The Federal Government of Pakistan has announced the Fiscal Budget 2019-2020. The Budget comprises RS 70 kharab 22 Arabs in the parliament.
Besides, 3560 Arabs Rupees, the Federal Government announces as a fiscal deficit in budget 2019.
The PTI government announces her first budget in the Parliament. However, there was a large Hue and cry by the opposition parties.
The government has also announced the 10% increase in the salaries of Ministries.
Therefore, all the ministers and parliamentarians appreciated this act of the government.
FINANCIAL BUDGET 2019 OF PAKISTAN
To begin with, the government has tried her level best to give relief to the common man.
Above all, the government does not give a Remarkable relief to a common man.
Besides, we have given the government servants ranging from grades 12 to 16 10% ad hoc relief allowance.
Similarly, the government servants running from grid 17 to 20 it has a 5% increase.
As an example, government servants from grades 21 to 22 do not get any relief.
Thus, this is in the shape of percentage in their salaries.
Similarly, in the private sector of special Private Secretary and assistant secretary, they have relief of 25 %.
There is an increase in their allowance. As they are working with the ministers, government, for the state, additional and a joint secretary.
The Government announces minimum income of a labourer as 17500 for a month.
In addition, the stipend in the shape of Benazir income support program has an elevation from 5000 rupees to 5 thousand five hundred rupees.
An approximate total Texas of about 11 kharab rupees is in the budget 2019 of Pakistan.
The prices of sugar cooking oil, CNG, drinks, cigarettes, cars, food beverages, iron are at a higher level.
Same is the case with Saria, bricks, electronics and steel commodities.
the rates of carpets, diamond, Gold accessories, and artificial accessories exceed.
The sales tax upon increases to 17% and sugar has become expensive @ 3.65 per kg
Tax on cigarette per 5200 cigarettes @ of 14 rupees per Pack is part of the budget 2019 of Pakistan.
Upon every 250 ml of cold drinks, we find health tax @ 1 rupee per 250-litre bottle.
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The rate of Urea has shortfall @ 533 rupees per pack.
The agriculture tube Wells having given a subsidy.
And they will provide it at 6.85 per unit.
Juices like syrups, squash, etc have been subjected to more tax.
Excise duty on gold, silver, and diamond has increased to overcome the fiscal deficit.
The custom duty upon LNG has fallen from 7% to 5%.
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The government has given a waiver to the owners of brick Bhatta.
This is in the shape of ending the 17% tax.
And tax will accord to the capability and the area covered by the brick mill owners.
It is very important the eve of the new financial year is starting with the fiscal deficit.
It is the duty of the government to take loans from the IMF.
And from other organizations and to use them for the betterment of the people
We do not need it to mention here that Pakistan is a constant threat of economic stress.
The Government of PTI is trying her level best to normalize it.
And it is the fact that they are trying to tell the actual reality to the people.
Hence, it is also the duty of the people to speed up the economy.
Pakistan has a blend of social resources. By using the economic and social resources we can stand with the developing countries