Employees Salaries Pensions Increases Pakistan Budget 2019 Updates

Pakistan Salaries Pensions Increases Budget 2019 Updates proposal details. There are also chances for increase in pension 10% for the pensioners. There is also proposal for the merging of 50% ARA granted during the reign of PPPP. There is also proposal of increase in House Rent Allowance. There will be introduced new revised pay scale 2017, 2018 and 2019.

Dear visitors this is only news and it is a good chance to engage with the coming budget 2019. I pray for the employees that they will be best benefited with the increase in salaries of the Govt employees during this budget.

According to this news, there is proposal of 15% increase in salaries in the budget 2017-18. In view of the last budget of this Government, it is proposal of 15% increase in pay of the Government employees. It was earlier proposed that 10% increase in pay be made, however Punjab Government proposed that there should be 15% increase in salaries.

Salaries and pension of government employees are likely to be increased about 15 percent in the upcoming budget for the fiscal year 2019.

According to sources, preparation of budget has entered the final phase. Source added that allocated amount with 45pc increase could be Rs395bn against salaries.

Similarly, funds amounting to Rs 275 billion with Rs30bn increase are likely to be allocated against pension of government employees in the budget for the next financial year 2019, sources added.Employees Salaries Pensions Increases Pakistan Budget Details in Urdu

Employees Salaries Pensions Increases Pakistan Budget 2019 Updates

Sources also added that allowances of government employees are likely to be increased. The federal government is busy trying to increase the annual development budget that could be Rs850bn. More funds are likely to be allocated to overcome the shortage in the energy sector.

News reports obtained the salient features of the budget recommendations for fiscal year 2019. The major points of the upcoming budget — to be presented on Friday — are as follows:

  • Total outlay: Rs4,778 billion
  • Development budget: Rs1,001 billion
  • Defence budget: 940 billion
  • Recommendation to allocate Rs1,401 billion for interest payments on loans
  • Recommendation to increase FBR’s tax collection target by 15%
  • Two recommendations to increase government employees’ salaries
  • Proposal to merge old ad hoc salary after 10 % increase in salaries
  • Proposal to increase running salaries by 10% after merging old ad hoc
  • Proposal to allocate Rs230 billion for subsidies and grants
  • Proposal to allocate Rs123 billion for Benazir Income Support Programme
  • Proposal to allocate Rs90 billion for rehabilitation of homeless people and security arrangements
  • Proposal for GDP growth in upcoming fiscal year: 6%
  • Estimated inflation [CPI]: 6%
  • 4.1% fiscal deficit
  • Rs272 billion for development schemes for parliamentarians
  • Current account deficit targeted at 2.6% of GDP

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