Government sets 4.2pc growth target for FY22

Govt sets 4.2pc

ISLAMABAD: In a meeting chaired by Prime Minister Imran Khan of the Federal Cabinet on Tuesday, the federal cabinet gave a green signal to the Budget Strategy Paper (BSP) under which the government has set a 4.2pc growth target for FY22.

According to the details, gross federal revenues are expected to increase by 25pc and reach Rs7.99tr after the measures introduced by the government in the form of widening General Sales Tax (GST), income tax net, and other non-tax measures.

Under the approved BSP, it is expected that the share of provinces for financing fiscal deficit will be increased. 


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