Home - Pakistan - Federal Budget 2015-16: Ishaq Dar unveils Rs. 4.451 trillion budget for next fiscal year

Federal Budget 2015-16: Ishaq Dar unveils Rs. 4.451 trillion budget for next fiscal year

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ISLAMABAD: The Federal Government announced the federal budget worth Rs. 4.451 trillion for fiscal year 2015-16 on Friday (today).

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The Pakistan Muslim League – Nawaz failed in achieving the targeted growth of 5.1% of year 2014-15. The target achieved by the government was 4.2%. Commenting on the difference, Ishaq Dar has said earlier that all this happen because of sit-ins and strikes of Pakistan Tehreek-e-Insaf. However the growth target set for fiscal year 2015-16 is 5.5%. Commenting on growth target for next fiscal year, Muzzammil Aslam of Emerging Economics Research has said, “Considering the population, to generate enough employment for a growing workforce our GDP (growth rate) should be around 7% plus.”

Nawaz government still have to tackle the problems of energy shortages, inflation, and unemployment.

Budget

Amount Allocated:

Public Sector Development Projects (PSDP)

Defense Rs. 780bn

Railway Rs. 47bn

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Higher Education Commission Rs. 20.5bn

Health Rs. 17.52 bn

Education Rs. 16.42bn

WAPDA Rs. 112bn

Energy Projects Rs. 317bn

Aviation Rs. 39bn

Science & Technology Research Rs. 1.6bn

National Highway Rs. 159bn

For Water Projects Rs. 30bn

Pakistan Atomic Energy Commission Rs. 32.40bn

Cabinet  Rs. 650 million

Industries and Production Rs. 790 million

Interior Ministry Rs. 8.27bn

Communication Rs. 360 million

Commerce Rs. 87.56 million

Climate Change Rs. 39.8 million

Chashma Nuclear Power Complex Rs. 25.86bn

National Food Security Rs. 1.50bn

IT & Telecom Rs. 600 million

Ports & Shipping Rs. 1.2bn

Targets for Fiscal Year 2015-16:

GDP growth rate 5.5%

Agriculture growth rate 3.9%

Manufacturing sector growth rate 6.1%

Import Target $43.30 billion

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