Federal Budget Announcement for 2024-25 in Limbo

The announcement of the federal budget for 2024-25 is facing delays, with key components like the National Economic Council (NEC) meeting and Budget Strategy Paper not yet scheduled or shared, raising doubts about its presentation in parliament on June 10.

Prime Minister Shehbaz Sharif and Finance Minister Muhammad Aurangzeb are unavailable until June 8, disrupting key consultations. The NEC meeting is crucial for reviewing the current economic situation and development agenda but is yet to be constituted.

The Annual Plan Coordination Committee (APCC) meeting continues amid differences, while the Planning Minister was reportedly bypassed in recent meetings. The budget strategy paper has not been shared with parliament due to political uncertainties, further complicating the budget process.

Overall, the delay in crucial meetings and sharing of key documents could impact the budget timeline, with uncertainties looming over the presentation to parliament on June 10.

Published in Dawn, June 4th, 2024

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