According to a story from Daily Jang Quetta, the Finance Division has released the Budget Calendar for 2023–2024 and there is rumour of a 15%–35% salary increase. The National Economic Council and the Coordination Committee will meet this week and the next week. The Finance Division will create a comprehensive overview of the whole Budget, replete with specific papers and financial allocation. The Federal Cabinet will hear them present it.
Budget 2023-24 Pakistan salary increase
Expectations are that the Annual Budget for 2023–2024 will be accessible to the general public. They could get all they’ve asked for. The financial issues facing every community will be resolved by the government. The topic of inflation has come up in public. Therefore, in light of the rising rate of inflation, we may anticipate that the government would lower the cost of necessities of life.
Expected Salary Increase in Budget 2023-24 Pakistan (15% to 35%)
Every government agency and civil worker is among the groups most impacted by inflation. Financial difficulties are affecting every employee. Due to their meagre income and the unprecedented increases in the cost of every good, they are unable to cover all of their costs.
However, it is anticipated that the government would enhance citizens’ monthly income by 15% to 35%. However, the demand from government workers is for a 50% rise to 100%. They earn less money yet have more costs. They are requesting an increase in both their medical and transportation allowances. There is a possibility that the government will take this action to provide employees with financial aid.
Accelerating Budget 2023-2024/Final Meeting and Budget 2023-2024 Agenda
The financial Budget Calendar was accepted by Finance Minister Mr. Ishaq Daar. It completed the circle of all linked Divisions, Ministries, and Government Departments on the order of the Prime Minister.
The budget calendar’s final report is being prepared by the finance division for presentation to the prime minister. Ishaq Dar, the minister of finance, will provide this summary. Additionally, the entire Bill of Finance will be made in 2023–2024 by the Federal Board of Revenue.
By March 31, 2023, the expenses and tax schedule/table will be finished. On June 10, 2023, the cabinet will determine the budget’s final acceptance under the Prime Minister’s guidance. The Finance Minister will deliver it to the National Assembly when it has been completed.
A final report detailing all expenditures through June 30 (the preceding 10 months) will be given. In the third week of May 2023, the National Economic Council will guarantee all developmental programmes. The meeting of all department heads will be presided over by the prime minister. The Budget Calendar for 2023–26 Strategy Paper is being worked on by the Ministry of Finance.
Demand the Ministry of Finance’s Revenue Meeting
At the Finance Meeting on Demand last month, the Finance Minister spoke. He covered all the essential aspects of the budget. On June 11, 2023, he will have a media press conference. He will respond to all inquiries from press reporters on the budget. He will have one last conversation with opposition and National Assembly members. The National Assembly’s speaker will hear all opposition members’ opinions on the budget. It’s also possible that they’ll change the budget in a significant way. Every political party supports proposing a budget that is 100 percent popular with the public.
Over the past few weeks, many publications have published a variety of news. Additionally, there is rumour that the employees’ salaries would grow by 50% in the budget for 2023–2024. Nothing is yet definite; the only day we will know for sure is the day the budget for 2023–24 is announced. There are several options, and we may anticipate the ultimate date to be on June 8 or 9.
- Minimum Wage Rates of Rs. 40,000/-, 50% Salary, 30% Pension Reporting Date: 05.08.2023
- Different news On May 8, 2023, channels announced that the following aid for government workers and pensioners was being proposed:
- There is a proposal for a 30% pension hike and a 50% pay boost for government employees.
Monthly wages for labour must be at least Rs. 40,000 (minimum).