NA approves budget for fiscal year 2021-22 with majority vote

The session of the National Assembly on Tuesday passed the budget for the next fiscal year.

The federal budget 2021-22 was adopted with a majority vote of 172 lawmakers by the National Assembly on Tuesday as Prime Minister Imran Khan also attended the proceedings.

The Finance bill 2021-22 was presented before the National Assembly by Finance Minister Shaukat Tarin and initially, the amendments proposed by the opposition in the finance bill were rejected by the House.

During the counting process, 138 members of the opposition voted against the Finance bill as compared to 172 lawmakers of the treasury supporting it, paving way for the approval of the federal budget.

The federal employees have been granted ten percent ad hoc relief besides a ten percent increase in pensions. The minimum wage has been enhanced to twenty thousand rupees per month.

The growth target of 4.8 percent has been set for the next fiscal year with tax collection target of 5829 billion rupees.

Allocation for the Ehsaas program has been enhanced from 210 billion rupees to 260 billion rupees for the next fiscal year.

It is pertinent to mention here that amidst ruckus by the opposition, Finance Minister Shaukat Tarin on June 11 unveiled the federal budget 2021-22 in the National Assembly.

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