FY25 budget may be tabled in June 1st week

The federal government is likely to present the budget for the upcoming financial year 2024-25 in the first week of June. Sources in the finance ministry said the Annual Plan Coordination Committee (APCC) meeting would be held from May 28 to 29. They added that during this period, funds would be approved for various ministries and divisions as well as the outlay for the federal Public Sector Development Programme (PSDP). Earlier, the APCC meeting was scheduled to be held in the first week of May. Apart from this, the meeting of the National Economic Council (NEC) is also likely to be called late. According to the schedule, the NEC meeting will be held in the second week of May. Read IMF to vet budget before cabinet The NEC is a constitutional entity tasked with evaluating the nation's economic state as well as devising strategies to promote equitable development and regional balance. Functioning within the framework of Article 156 of the Constitution, it plays a vital advisory role to both federal and provincial governments on matters pertaining to finance, commerce, social welfare, and economic policies Later, the budget for the next fiscal year is expected to be presented in the first week of the next month.

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