{"id":39442,"date":"2024-06-12T15:41:48","date_gmt":"2024-06-12T10:41:48","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=39442"},"modified":"2024-06-12T15:41:48","modified_gmt":"2024-06-12T10:41:48","slug":"budget-2024-25-govt-proposes-major-budget-for-defence-development","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/budget-2024-25-govt-proposes-major-budget-for-defence-development\/","title":{"rendered":"Budget 2024-25: Govt proposes major budget for defence development"},"content":{"rendered":"<p>ISLAMABAD: The Federal <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/budget-2024-25-govt-to-increase-tax-on-cash-withdrawal-in-upcoming-budget\/\">Budget<\/a> 2024-25 for the new financial year will be presented in the National Assembly today(Wednesday), revealing an ambitious expenditure plan of Rs18,900 billion, based on a deficit of Rs9,800 billion.<\/p>\n<p>The fiscal strategy will place a considerable burden on the public through heightened inflation and additional taxes, with electricity prices expected to rise by Rs5 to 7 per unit. Inflation is projected to exceed the official target of 12 percent.<\/p>\n<p>For the first time in history, a Rs3,792 billion development budget has also been proposed.<\/p>\n<h2><strong>Defense and Security:<\/strong><\/h2>\n<p>An allocation of Rs2,100 billion has been proposed for the defense sector to ensure national security and support the armed forces.<\/p>\n<p>The Rs2100 billion allocated for defense marks a 19.29% increase from the Rs1804 billion set aside in the 2023-24 budget.<\/p>\n<p><code><\/code><\/p>\n<p><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/p>\n<div style=\"padding: 8px 0; font-family: Arial!important; font-size: 13px!important; line-height: 15px!important; text-align: center; border-top: 1px solid #dadada; margin: 0 30px;\"><a style=\"color: #989898!important; text-decoration: none!important;\" href=\"https:\/\/infogram.com\/e517f82b-4244-47a0-9ad1-af8b67a734a6\" target=\"_blank\" rel=\"noopener\">Table Chart<\/a><br \/>\n<a style=\"color: #989898!important; text-decoration: none!important;\" href=\"https:\/\/infogram.com\" target=\"_blank\" rel=\"nofollow noopener\">Infogram<\/a><\/div>\n<p>&nbsp;<\/p>\n<div id=\"ig-b13127bc-b8fc-cb1c-7c02-d9f0e2d188c0\" class=\"infogram-embed\" data-id=\"e517f82b-4244-47a0-9ad1-af8b67a734a6\" data-type=\"interactive\" data-title=\"Table Chart\" data-processed=\"1\"><\/div>\n<div data-id=\"e517f82b-4244-47a0-9ad1-af8b67a734a6\" data-type=\"interactive\" data-title=\"Table Chart\" data-processed=\"1\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Federal Budget 2024-25 for the new financial year will be presented in the National Assembly today(Wednesday), revealing an ambitious expenditure plan of Rs18,900 billion, based on a deficit of Rs9,800 billion. The fiscal strategy will place a considerable burden on the public through heightened inflation and additional taxes, with electricity prices expected to [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":39443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[16180,18497,18498],"class_list":["post-39442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-budget-2024-25","tag-budget-2024-25-increase-in-defence-budget","tag-budget-2024-25-govt-proposes-major-budget-for-defence-development"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/39442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=39442"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/39442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/39443"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=39442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=39442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=39442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}