Finance Minister chairs meeting to rollout preparation of next year’s Budget

Islamabad, March 07, 2014 (PPI-OT): Finance Minister Senator Mohammad Ishaq Dar chaired a meeting to rollout the preparation of next year’s Budget at the Finance Ministry today. Dr. Waqar Masood, Finance Secretary made a detailed presentation on the next budget.

Finance Minister expressed his satisfaction on fiscal results for the first eight months of the current year which showed a deficit of 3.2% as compared to the proportionate target up to February of 3.5%.

He stressed the need for continued vigilance on expenditure in line with revenue receipts so that the budgetary targets are achieved without fail. While commenting on the preparatory exercise, presented to him, the Finance Minister emphasized that austerity would continue to remain the hallmark of PML-N’s budget strategy and fiscal management.

The Finance Minister further underlined the need for clear and meaningful indications of budgetary ceilings to all federal ministries and for Public Sector Development Programme (PSDP) so that they could prioritize and formulate their expenditure proposals well in time.

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