Minister for Finance Hafeez Shaikh will be presenting the Financial Budget 2011-12 to the parliament for approval on Friday, report said. The budget for the upcoming financial year has been approved by federal cabinet, and it will shortly be presented to the parliament. According to the estimates for the Budget 2011-12 obtained by DawnNews, the budget for the coming year is going to be 14.2 per cent greater than last year. The total budget amounts to Rs. 3.7 trillion, out of which 933 billion is expected to go to provinces while 2.7 trillion would be for federal allocation. The budget deficit has been estimated at four per cent of the GDP, or Rs. 850 billion.