Dawn
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06:47 Jun 11, 2025
• Next year’s revenue target set at Rs14.13tr • Provinces’ contribution helps Centre outperform fiscal target, record lowest budget deficit in a decade • Subsidy allocations have been reduced by 14pc • Reduced debt servicing drives expenditure containment of nearly Rs2.26tr • Generous tax relief, incentives for construction sector • Fuel levy, electricity surcharges to rise next year • Tough crackdown planned on non-filers, tax evaders • Development spending squeezed to cut deficit ISLAMABAD: Maintaining an aggressive stance on fiscal consolidation, as required by the International Monetary Fund (IMF), Finance Minister Muhammad Aurangzeb on Tuesday still managed to offer some notional relief to the salaried class in the federal budget for fiscal year 2025-26, along with incentives for the real estate and construction sectors, in an effort to revive the struggling industrial sector and stimulate economic growth. At the same time, however, the government announced it was imposing a ‘carbon levy’ of Rs2.5 per l...