Budget Dictionary 2022-23: A one-stop shop for financial terms.
Miftah Ismail, the Federal Minister of Finance and Revenue, will present the much-needed federal budget for the fiscal year 2022-23 on June 10. With the country’s current economic situation, the stakes are high.
The budget comes amid a 6 percent (provisional) economic growth, and all eyes are on the new coalition government to see how it prioritizes spending to get the crisis-hit nation back on track. With only a few days until the PML-N government releases the budget for 2022-23, here’s a one-stop shop for all financial terms that will help you understand the contours of the finance bill.
GDP
Gross domestic product (GDP) is the total monetary or market value of all goods and services.
The Public Sector Development Programme (PSDP) is an important public intervention to encourage private investment through human capital development and infrastructure improvement. The PSDP is consistent with the government’s overall long-term development goals.
Revenue
The revenue budget details the sources of revenue for the government. Tax revenue and non-tax revenue are two types of revenue receipts.
Miftah Ismail, the Federal Minister of Finance and Revenue, will present the much-needed federal budget for the fiscal year 2022-23 on June 10. With the country’s current economic situation, the stakes are high.
As the budget is released amid a 6% (provisional) economic growth, all eyes are on the new coalition government to see how it performs.
