Wednesday, 30 May 2012

Budget 2012-13 Govt plans to raise Rs85 bn additional revenues in next fiscal year

ISLAMABAD: The government plans to generate additional revenues to the tune of Rs85 billion through administrative measures and by expanding the tax net in the next fiscal year; the total outlay of 2012-13 (July-June) budget is likely to hit Rs3 trillion with a deficit target of around five percent, official sources said on Tuesday.

 

The increased size of the budget outlay compared with the earlier envisaged budget strategy paper (BSP) has been attributed to the increased

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