ISLAMABAD: Federal Minister for Finance, Ishaq Dar here on Monday approved the schedule of preparatory activities for the budget 2015-16 while also issuing instructions for urgently finalizing the budget strategy paper.
The meeting also had a detailed discussion on the macro-economic and fiscal framework of the budget.
According to the schedule of preparatory activities, the budget strategy paper would be submitted to the Federal Cabinet next week and presentation on budget strategy to Parliamentary Standing Committees on Finance and Revenue will be made in May.
Budget proposals would be shared with stakeholders and meetings with business persons/chambers etc would also take place in May.
The budget is likely to be announced in the last week of May or first week of June as outlined in the budget activities schedule.
The meeting which marked the formal launching of preparatory activities for the budget 2015-16, was attended by senior officials of the Ministry of Finance.