Abb Takk News

Budget: 3 Options Mulled For Raise in Govt Employees Salaries

Islamabad (April 27, 2018): The federal government is mulling over three different options for raise in salaries of the government employees in the upcoming budget, to be announced today.

According to  details, the suggestion would be put forward in the federal cabinet meeting- which will be held before the laying of the budget in the National Assembly as it would be the first to pass the budget-and after consideration on three recommendations one of them would be approved.

The sources having knowledge of the development said that the options included increasing salaries of the government employees to 20 to 22 percent.Along with it, there is a recommendation of introducing executive allowance for the BPS 20-22 officials  and it would be 25 percent of the basic pay scale.

It is also considered to introduce a utility allowance for the BPS 1-16 employees along with increasing house rent allowance of the employees to 50 percent.

It is pertinent to mention here that the PML-N government will present its sixth consecutive Federal Budget for the next financial year in National Assembly today, Friday,  with an estimated outlay of over 550 trillion rupees.

The National Assembly has been summoned to meet today for presentation of the federal budget.The budget will lend focus on improving economic growth, maintaining fiscal discipline, boosting exports besides providing relief to the masses and promoting investment for job creation.

The total outlay of the budget likely to be 5500 billion rupees, tax revenue collection target will be set Rs 4433 biillion  while the total deficit of the budget will be 1870.

The target of growth rate has been proposed to set at 602 per cent, agricultural development target will be 3.8 per cent and the salaries of government employees will be increase by 10 percent.

It will also focus on social sector development and revenue enhancement measures.

On revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to tax payers.

Related News:

Govt To Unveil Budget 2018-19 Today

Opposition To Record Strong Protest in Budget Session Today