ISLAMABAD: Government employees are likely to get salary raise in the FY2023-24 budget, it emerged on Wednesday.
Details indicate that the budget will spend nearly Rs 14,000 billion in total, with a projected deficit of Rs 5,000 billion.
The salary increment has been proposed for the government employees in the upcoming FY2023-24 budget, ARY News reported quoting sources. However, the report said the government and finance ministry are divided on the percentage of the salary increment.
The government wants to announce 30pc salary raise in the upcoming budget, while the finance ministry is suggesting a raise between 15 to 20pc, the report said.
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In the forthcoming budget, the Federal Board of Revenue (FBR) is likely to meet its goal of collecting Rs 9,200 billion. Additionally, the idea of increasing aid through the Benazir Income Support Programme is put forth.
According to sources, the federal budget for FY 2023–24 would be unveiled to the cabinet and Parliament during the first week of June.
