Federal Budget 21-2020: Is this budget also beneficial for the common man?

 

Federal Budget 21-2020: Is this budget also beneficial for the common man?

The federal government of Pakistan Tehreek-e-Insaf (PTI) has presented the country's deficit budget of Rs 8400 billion in the National Assembly. This is the third federal budget presented by the PTI government. The federal budget has been described by the government as a budget for economic growth.

In the budget presented by the government, more than Rs 900 billion has been earmarked for the annual development program, along with various incentives and tax exemptions for the development of the agriculture, industry and services sectors.

In the federal budget presented by Komat, while various incentives and taxes have been imposed on them for different sectors, on the other hand, what is in the budget for a common man through which he can benefit. How will the steps taken by the government to reduce / increase taxes and economic growth affect the life of a common man?

The federal government has announced an increase in the salaries of government employees which will be given to them in the form of 10% ad hoc relief. The budget also announced a 10 percent increase in pensions for retired employees. The government did not increase the salaries and pensions of government employees last year due to the Corona virus crisis and the resulting negative trend in the economy. Federal government announces increase in salaries and pensions of government employees will provide relief to employees due to high inflation in the country.