Making a mid-term evaluation of the budget for Fiscal Year 2022/2023, the government has reduced the size of the budget to the tune of 244 billion Rs.
Deputy Prime Minister and Finance Minister informed about this while unveiling the Mid-term Evaluation Report of the Current Fiscal Year in the House of Representatives, the lower house of the Federal Parliament, today.
The preliminary estimate of the total public expenditure of 1 trillion 793 billion 830 million Rs has been reduced to 1 trillion 549 billion 990 million Rs.
The budget base has been decreased by 14 per cent.
The primary allocation towards current expenditure was equivalent to 1 trillion 183 billion 230 million Rs.
This has been reduced to 1 trillion 21 billion 920 million Rs, which is equivalent to 86.37 per cent of the primary allocation.
Similarly, the initial allocation towards capital expenditure was 3 trillion 80 billion 380 million Rs and it has been slashed to 3 trillion 13 billion 850 million Rs.
This deduction is equivalent to 82.51 per cent of the initial allocation.
Likewise the initial allocation of 2 trillion 30 billion 210 million Rs towards fiscal management has been decreased to 2 trillion 14 billion 210 million Rs, which is equivalent to 93.05 per cent of the initial allocation.
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